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Russian-Armenian Tycoon Expanding Influence in Armenia

Russian tycoon Samvel Karapetyan (left) has made no secret of his strong support for Armenia’s Prime Minister Karen Karapetyan (right), raising questions about potential Russian meddling in Armenian politics and the future of this South Caucasus nation. (Photo: Government of Armenia)

Samvel Karapetyan, an Armenian-born billionaire who has built a business empire in Russia, is increasingly investing in Armenia and, in particular, its energy sector where he is becoming a key player. And his close ties to Armenia's prime minister are raising questions about Russia's influence on Armenian politics as the Caucasus country approaches a delicate political transition next year.
 
The 52-year-old tycoon has made no secret of his strong support for Prime Minister Karen Karapetyan (no relation), who took office in September 2016 and has a reputation as a technocratic reformist.

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Emil Danielyan is a Yerevan-based journalist.

Russian-Armenian Tycoon Expanding Influence in Armenia

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