US names chairman of ‘Trump route’ fund for South Caucasus: THIS WEEK IN BUSINESS

VTB, a major state-owned Russian bank, completed the sale of its majority stake in Armenia’s Teghut mine. The identity of the new owner wasn’t immediately clear.

The U.S. State Department named Russian-born U.S. businessman Konstantin Sokolov chairman of the TRIPP+ Enterprise Fund, a new venture for the South Caucasus.

A court in Armenia ordered that AraratCement, owned by prominent businessman and opposition figure Gagik Tsarukyan, be placed under government management.