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Armenia Is Nationalizing the Russian Oligarch Energy Company

The Government of Armenia has recognized 100 per cent of the shares of ENA Samvel Karapetian as being of dominant public interest.

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The Government of Armenia has recognized 100 per cent of the shares of ENA Samvel Karapetian as being of dominant public interest.

·Kyiv, Ukraine
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At a meeting on Thursday, the Government of Armenia decided to recognize 100 per cent of the shares of the company Electric Networks of Armenia (ESA), which belongs to the head of the Tashir HC Samvel Karapétić, as the subject of the prevailing public interest." Politically, this is part of the Government's policy on the return of illegal property.

The Government of Armenia will begin the process of nationalization of the ZAO "Elextrosets of Armenia" (ESA) of the Russian-Armenian entrepreneur and founder of the opposition party "The Strong Armenia" Samvel Karapetian. The procedure for exclusion is scheduled to be completed by 1 October 2027, and the owners are promised to pay compensation on the "market" value, following a draft decision published on 15 October on the State portal e-draft.…

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The country's authorities plan to complete the transfer of shares of the company “Electric Networks of Armenia” into state ownership by October 2027

·Kyiv, Ukraine
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The Government of Armenia has adopted a decree that permits the nationalization of the AZO "Elektrosets of Armenia" belonging to the leader of the opposition party "The Strong ... 15.10.2026, PRIM

🚨 Important message from Armenia! The government of the country has launched the process of nationalization of the company “Electric Networks of Armenia”, owned by the Russian oligarch. This decision shows Armenia's determination to move towards economic sovereignty and independence! ⚡️🇦🇲

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Interfax.ru broke the news on Thursday, October 15, 2026.
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