Tsarukian Goes On Trial

հոկտեմբեր 15, 2026

Armenia – Businessman and opposition leader Gagik Tsarukian is brought to an Investigative Committee building in Yerevan for further questioning, July 22, 2026.

Businessman and opposition leader Gagik Tsarukian again denied fraud charges levelled against him as he went on trial on Thursday more than three months after his post-election arrest promised by Prime Minister Nikol Pashinian.

Also standing trial are eight other individuals, including Sedrak Arustamian, the former chairman of Tsarukian’s Multi Group holding company.

The charges stem from a financial dispute with two Iranian business partners who set up two years ago a joint venture with Tsarukian’s Multi Group that never operated as planned. Armenia’s Investigative Committee has backed their allegations that Tsarukian misappropriated $22 million worth of fuel, transport equipment and other goods supplied by them from 2022-2024.

Tsarukian’s lawyers insist he himself was defrauded by them. They publicized purported video evidence of their claims ahead of the trial.

“I want to understand why all the documents provided by the [Iranian] ‘victims’ are considered evidence whereas those submitted by us were not recognized as evidence and not included in the indictment,” one of the defense lawyers, Yerem Sargsian, said at the start of court hearings on the high-profile case.

“I am 100 percent innocent,” Tsarukian insisted, for his part. He again denounced the “fabricated” case.

The tycoon leading the opposition Prosperous Armenia Party (BHK) was arrested on July 6 following Pashinian’s repeated pledges to jail and “dispossess” him and the top leaders of other major opposition groups that challenged the ruling Civil Contract party in disputed elections held on June 7. The BHK joined those groups in rejecting the official election results as fraudulent.

Tsarukian’s party fell just short of clearing a 4 percent vote threshold for entering the Armenian parliament after the Central Election Commission cancelled vote results in three precincts and controversially refused to rerun the elections there. Election observers from the Council of Europe’s Parliamentary Assembly (PACE) have criticized the CEC’s decision that greatly benefited Pashinian’s party.

Tsarukian was demonstratively taken into custody just as investigators sealed off the offices of dozens of Multi Group companies employing thousands of people. The Armenian authorities seized the largest of them, a brandy distillery and a cement plant, in the following weeks.

Later in July, Tsarukian was also charged with evading taxes that were due to be paid by the Yerevan-based Ararat Brandy-Wine-Vodka Factory. He denies these accusations as well.

The leaders of two other opposition groups that won seats in the parliament are also prosecuted by the authorities on separate charges rejected by them as politically motivated. One of them, former President Robert Kocharian, was arrested in August, while the other, billionaire Samvel Karapetian, was moved to house arrest last December after spending more than six months in prison.

—

RFE/RL – Government Nationalizes Armenian Electric Utility

հոկտեմբեր 15, 2026

Armenia – National Security Service officers raid the head office of Electric Networks of Armenia in Yerevan, July 8, 2025.

The Armenian government formally decided on Thursday to nationalize Armenia’s national electric utility controversially seized from billionaire and opposition leader Samvel Karapetian last year.

The government declared ownership of the Electric Networks of Armenia (ENA) operator an “overriding public interest,” a necessary step for completing the nationalization process in the coming months.

“Our Plan A is for [ENA] to become state property and for us to hand over its management to a top-tier global company,” Prime Minister Nikol Pashinian told a cabinet meeting in Yerevan. “We have no intention of privatizing it. If, for objective reasons, it turns out that we cannot implement our Plan A, only then will we move on to discussing other plans.”

Pashinian first called for ENA’s nationalization in June 2025 just hours after Karapetian was arrested on charges stemming from his strong criticism of Pashinian’s crackdown on the Armenian Apostolic Church.

Karapetian was also charged with tax evasion, fraud and money laundering following his subsequent decision to set up his own political group that was the main opposition contender in the June 2026 parliamentary elections. The tycoon, who was moved to house arrest in December, rejects all the accusations as politically motivated.

The government seized ENA in July 2025 before having the Public Services Regulatory Commission (PSRC) revoke the operating license of its parent company, which is part of Tashir Group, Karapetian’s Moscow-based business conglomerate. It accused Tashir of mismanaging the utility.

Tashir appealed to the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) against what it calls an illegal “expropriation” of Karapetian’s biggest asset in Armenia. It is seeking $500 million in damages.

The arbitration body ordered the Armenian authorities to refrain from seizing ENA, changing the company’s top management or revoking Tashir’s operating license pending a verdict in the case. The authorities ignored the order.

Armenia – Businessman Samvel Karapetian is greeted by supporters as he is moved back to house arrest, Yerevan, January 19, 2026.

In February this year, the government formally offered Tashir to give up ENA’s ownership practically for free. Karapetian’s representatives laughed off the offer.

Minister of Territorial Administration and Infrastructures Davit Khudatian said on Thursday that the government will make another compensation offer to Tashir during the nationalization process. The latter will almost certainly reject it too.

Karapetian, who now leads Armenia’s largest opposition group, insisted last month that ENA is “not for sale.” He also expressed confidence that Pashinian’s administration will eventually have to return the company to its “rightful owner.”

The tycoon and his representatives did not immediately react to the latest government decision. Davit Ghazinuian, ENA’s former chief executive who is now a senior member of Karapetian’s Strong Armenia alliance, insisted earlier that no reputable energy firm will agree to take over the utility amid the ongoing arbitration proceedings in Stockholm.

Tashir claims to have invested at least $700 million in ENA and sharply cut its losses since buying the utility from Russia’s RAO UES energy giant in 2015. The acquisition followed street protests in Yerevan against a UES attempt to raise electricity prices in Armenia. Tashir has kept the prices largely unchanged.

—

Asbarez: Working Group on Russian Railways Established

Following a meeting on Wednesday with Director General of the Russian Railways Oleg Belozyorov in Yerevan, Prime Minister Nikol Pashinyan announced the establishment of a working group to address issues concerning the efficiency of the concession management of the South Caucasus Railway company—an Armenian and Russian joint effort that oversees the railway system in Armenia.

According to the decision published on e-gov.am, the working group is tasked with identifying potential solutions to these issues and defining subsequent steps within a three-month period.

Davit Ivanyan, Deputy Minister of Territorial Administration and Infrastructure, has been appointed as the head of the working group.

Pashinyan and Belozyorov had reached an agreement Wednesday to form a joint working group to address these issues. For some time now, Yerevan has been proposing that the management of the Armenian railways be transferred to a third country—one acceptable to both Armenia and Russia. Russia has responded by stating that, should the terms of the concession be altered or the agreement terminated, they would demand the recovery of their investments, amounting to $400 million.

Following his meeting with Pashinyan, Belozyorov told Azatutyun.am that the issue of terminating the concession had not been discussed; furthermore, there was no mention of such a possibility in the official statement released by the Armenian government.

Speaking to reporters on Thursday, Pashinyan said: “We have no issue with the Russian concession; our concern is simply that our railway must be competitive.” According to Pashinyan, Russia stated that they would address the issue of making the railway competitive, and Armenia agreed.”

“Our analyses aimed at achieving this goal indicate that a rational approach would be to alter the concession management framework — specifically, by delegating it to third countries,” Pashinyan said.

“However, if our Russian partners say they know how to resolve this issue, they can propose solutions,” he said. “As a result of yesterday’s discussion, I said: ‘Very well, let us form a working group that will provide, within a three-month timeframe, answers as to how Armenia’s railways can become competitive.’”

—

CC: Palestine’s Armenian foreign minister to visit Azerbaijan

—

CA Assemblyman Harabedian Receives Armenian National Committee of America-West

—

Armenian Bar Association Presents Hrant Dink Freedom Award to Dr. Edita Gzoyan

—

CC: The Paradox of “Real Armenia”: Reconciling Statehood, National Identity,

—

168: Փաշինյանի կոդավորված ուղերձն Ալիևին

Հոկտեմբեր 15, 2026

Նիկոլ Փաշինյանը տեսաուղերձների շարք է սկսել՝ «ինչպիսին պետք է լինի խաղաղությունը» թեմայով: Դրանցում նա պատմում է խաղաղության իր տեսլականի մասին, որը 100 տոկոսով համընկնում է Ադրբեջանի ներկայացրած բոլոր պահանջների հետ (հրաժարում Արցախից, հազարամյա Արցախի ու «Արևմտյան Ադրբեջան» կեղծ հորինվածքի հավասարեցում, Հայաստանի ինքնիշխան տարածքների հանձնում Ադրբեջանին՝ որպես «անկլավներ»…):

Այդ տեսաուղերձներով նա իբրև թե խոսում է հայ ժողովրդի հետ, բայց իրականում դրանք ուղերձներ են՝ ուղղված Ադրբեջանի նախագահ Իլհամ Ալիևին, որի հետ վերջին հանդիպումից հետո, Նիկոլ Փաշինյանն, իր իսկ խոսքով, տպավորություն է ստացել, թե խաղաղությունն այդ տեսքով հնարավոր է:

Փաշինյանն, այսպիսով, շնչակտուր խաղաղության համաձայնագիր է ցանկանում կնքել Ադրբեջանի հետ՝ ամբողջությամբ բավարարելով վերջինիս բոլոր պահանջները: Փոխարենը, սակայն, մինչ այս պահն Ադրբեջանից պաշտոնական որևէ հավաստիք չի հնչել, որ այն պատրաստ է ստորագրել խաղաղության համաձայնագիրը: Այդ երկրից բոլոր մակարդակներով հնչող միակ հայտարարությունն այն է, որ մինչև Հայաստանը չընդունի նոր Սահմանադրություն՝ առանց Անկախության հռչակագրի, խաղաղության համաձայնագիր չի կարող ստորագրվել:

Փաշինյանը, սակայն, այս հարցում գոնե այս պահին ունի լուրջ դժվարություն՝ չունի որակյալ մեծամասնություն ԱԺ-ում, ինչն անհրաժեշտ է նոր Սահմանադրության նախագիծն անցկացնելու համար: Դատելով այս հարցում նրա պասիվությունից, կարելի է ենթադրել, որ իշխանությունը դեռևս չի հաջողում անհրաժեշտ թվով ընդդիմադիրների՝ ահաբեկելով կամ կաշառելով իր կողմն անցկացնելու գործում: Իսկ առանց դրա Ադրբեջանի վերջին պահանջը չի կարող կատարել:

Կարդացեք նաև

  • Բենիամին Նեթանյահուի գլխին ամպեր են կուտակվում, սակայն նա հույս ունի, որ «եղանակը» կփոխվի
  • Անկարայի և Բաքվի շահերը բախվո՞ւմ են հայ-թուրքական հարաբերությունների կարգավորման հարցում․ ինչո՞ւ է Թուրքիան վերանայում իր հաշվարկները
  • Իրանը փորձում է զսպել Հայաստանի համար վտանգավոր աշխարհաքաղաքական նախագծերը. նա չունի ՀՀ տարածքային ամբողջականությունը ռազմական ուժով պաշտպանելու անվերապահ պարտավորություն. Արամ Շահնազարյան

Դրա համար էլ նա տեսաուղերձներով հավատարմության հերթական չափաբաժիններ է հղում Ալիևին՝ ցույց տալով, որ կանգ չի առնելու ոչնչի առաջ: Այս պատմության մեջ, սակայն, բացի նվաստացումից, անարժանապատվության նոր՝ ավելի նողկալի դրսևորումներից, կա ավելի վտանգավոր մի իրողություն. Փաշինյանն Արցախի ու Հայաստանի ռազմավարական շահերի հաշվին Ադրբեջանի հետ խաղաղության հաստատումը պայմանավորում է ոչ թե ինստիտուցիոնալ, համակարգային որևէ գործոնով, այլ… Ալիևից ստացված տպավորությամբ:

Իսկ տպավորությունը, որքան էլ ստացողը հմայված է հմայողից, այդուհանդերձ խիստ սուբյեկտիվ կատեգորիա է: Բայց դա հենց այն է, ինչ կարող է պետք լինել Փաշինյանին՝ ապագայում նույն Ալիևի առաջ ստանձնած իր պարտավորությունների չկատարումը «սխալ տպավորության» վրա բարդելու առումով:

Նրա «խաղաղության կոնցեպտը» հիմնված է պարզունակ պատճառահետևանքային կապի վրա՝ եթե չկատարենք Ադրբեջանի պահանջները, պատերազմ կսկսվի, Ադրբեջանի պահանջները կարող է կատարել միայն ՔՊ-ն, եթե ՔՊ-ն չլինի իշխանության, պատերազմ կսկսվի… այս տրամաբանությամբ՝ ցանկացած պահի, երբ ինքը չկարողանա բավարարել Ադրբեջանի պահանջները, կարող է «պատերազմ սկսվել», ինչի համար Փաշինյանն արդեն իսկ այսօրվանից ունի արդարացում՝ սխալվել է Ալիևից ստացած տպավորության հարցում:

Չմոռանանք, որ խոսքը մարդու մասին է, ով պետության ղեկավարի պաշտոնը զբաղեցնելով՝ երկրպագում է սխալվելու կարողությունը՝ դա համարելով ոչ թե երկրի համար սպառնալիք, այլ մեծագույն հնարավորություն: Պարզապես իր սխալներից հնարավորություն ստացող երկրի անունն Ադրբեջան է:  

Հարություն Ավետիսյան




—

Armenian railway must become competitive: PM

Politics12:49, 15 October 2026
Read the article in: ՀայերենРусскийTürkçe中文

Armenia has no issue with Russian concession management of its railway but wants to make the railway more competitive, Prime Minister Nikol Pashinyan has said.

At a press briefing, Pashinyan was asked to comment on his meeting the previous day with Oleg Belozyorov, Director General and Chairman of the Management Board of Russian Railways, which holds the concession to manage Armenia’s railway system.

“The head of Russian Railways had arrived in Armenia at my invitation, and in my opening remarks I said that we have no problem with the Russian concession; our only concern is that our railway must be competitive. Our analyses aimed at achieving this goal show that the rational approach is to change the format of concession management, that is, to delegate it to third countries,” Pashinyan said.

The prime minister added that if Russian partners say they know how to resolve this issue, the Armenian government is ready to discuss their proposals.

“As a result of yesterday’s discussion, I said, ‘Very well, then let us form a group that will provide answers within three months to the questions of how Armenia’s railway is to become competitive, especially given that parallel processes are taking place. They say that sanctions do not hinder this,’” the prime minister noted.

The restoration of the Ijevan–Hrazdan railway, connecting the Ijevan–Hrazdan railway branch to the Vanadzor–Gyumri branch, and the construction of a facility for changing railway wheelsets in Akhurik are strategic objectives for the Armenian government.

“As you know, the railway tracks in the post-Soviet space and in Europe differ, which is why there was a depot there during the Soviet era where wheelsets were changed,” Nikol Pashinyan said.

In May 2026, Nikol Pashinyan announced that Armenia wanted to change the approach to Russian concession management of the railway so that sanctions-related obstacles would not hinder the development of the country’s railway system.

Russia manages Armenia’s railway under a concession through South Caucasus Railway. Prime Minister Nikol Pashinyan had previously spoken about the issue, noting that Russian concession management deprives Armenia of certain competitive advantages and proposing that management be transferred to a third country friendly to both Armenia and Russia.

Published by Armenpress, original at

—

Armenia establishes working group to address railway management issues

Economy17:12, 15 October 2026
Read the article in: ՀայերենРусскийTürkçe

Armenian Prime Minister Nikol Pashinyan has established a working group to discuss issues related to the efficiency of the concession management of South Caucasus Railway CJSC, identify possible solutions within three months, and clarify further steps.

The railway is operated by Russia through Russian Railways. The agreement to establish the working group was reached following the October 14 meeting between Armenian Prime Minister Nikol Pashinyan and Oleg Belozyorov, Director General and Chairman of the Management Board of Russian Railways.

Deputy Minister of Territorial Administration and Infrastructure Davit Ivanyan has been appointed head of the working group.

The working group also includes Deputy Minister of Foreign Affairs and International Trade Mnatsakan Safaryan; Deputy Finance Minister Edgar Mkrtchyan; Artak Papyan, head of the Railway and Water Transport Policy Department of the Ministry of Territorial Administration and Infrastructure; Russian Deputy Transport Minister Alexey Shilo; Vyacheslav Pavlovsky, Deputy Director General of Russian Railways OJSC; Anton Kozlov, head of the Department for Foreign Projects and International Cooperation at Russian Railways OJSC; and Alexey Melnikov, Director General of South Caucasus Railway CJSC.

Read the article in: ՀայերենРусскийTürkçe

Published by Armenpress, original at

—