US EditionGovernment Begins Seizure of Armenia’s Electric Network Assets, Belonging to Jailed Tycoon
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Government Begins Seizure of Armenia’s Electric Network Assets, Belonging to Jailed Tycoon
YEREVAN (Azatutyun.am)—The Armenian authorities appointed on Friday an “interim manager” of the national electric utility owned by jailed billionaire Samvel Karapetyan in what is widely seen as the first step towards its effective seizure and possible sale to other investors. Prime Minister Nikol Pashinyan pledged to “quickly” nationalize Electric Networks of Armenia (ENA) on June 18 hours after Karapetyan was arrested in Yerevan following his s…
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