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.
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