{"id":2145,"date":"2025-08-26T21:15:56","date_gmt":"2025-08-26T21:15:56","guid":{"rendered":"http:\/\/www.youtubexyoutube.com\/?p=2145"},"modified":"2025-08-29T13:47:24","modified_gmt":"2025-08-29T13:47:24","slug":"ex-armenian-president-denounces-push-to-nationalize-jailed-tycoons-company","status":"publish","type":"post","link":"http:\/\/www.youtubexyoutube.com\/index.php\/2025\/08\/26\/ex-armenian-president-denounces-push-to-nationalize-jailed-tycoons-company\/","title":{"rendered":"Ex-Armenian president denounces push to nationalize jailed tycoon\u2019s company"},"content":{"rendered":"

Serzh Sargsyan has revealed that he personally asked businessman Samvel Karapetyan to acquire Armenia\u2019s power grid<\/strong><\/p>\n

Former Armenian President Serzh Sargsyan has denounced Yerevan\u2019s push to nationalize a company owned by a jailed Russian-Armenian tycoon.<\/p>\n

Samvel Karapetyan was arrested in June, allegedly for calling for the overthrow of the government after he supported the Armenian Apostolic Church in a standoff with Prime Minister Nikol Pashinyan. The prime minister later called on the government to nationalize Karapetyan\u2019s firm, Electric Grids of Armenia \u2013 the country\u2019s major electricity supplier. Parliament passed legislation enabling the state to confiscate the company.<\/p>\n

Speaking to journalists on Tuesday, Sargsyan, who was president from 2008 to 2018, said he had personally asked Karapetyan to acquire the utility from another operator. He added the grids were in poor condition and required someone focused on \u201clong-term investment rather than short-term profit\u201d<\/em> \u2013 something he said Karapetyan did at least until 2018, when his presidency ended. He said he believes those investments are still ongoing.<\/p>\n

Sargsyan criticized Yerevan\u2019s decision to \u201chastily adopt legislation\u201d<\/em> that allows the takeover of \u201csomeone else\u2019s property,\u201d<\/em> firing employees and seizing control of financial resources. The former president suggested the move may be politically motivated, noting that the company\u2019s workforce and resources could prove significant in the 2026 parliamentary elections.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"FILE
Yerevan court extends Russian-Armenian tycoon\u2019s arrest<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

Karapetyan\u2019s family has filed a $500 million claim against the Armenian government after earlier turning to the Stockholm Chamber of Commerce tribunal under a 1995 Armenia-Cyprus investment treaty. The panel has issued a binding ruling ordering Yerevan to halt efforts to seize the utility. Karapetyan remains in custody as the probe continues.<\/p>\n

The billionaire is one of several high-profile figures targeted in Yerevan\u2019s crackdown on the opposition, alongside senior church leaders. Their arrests followed mass protests led by the church and its supporters. Demonstrators accuse Pashinyan of betraying Armenia\u2019s national interests by handing over several border villages to Azerbaijan, a step he insists was needed to normalize relations.<\/p>\n

Moscow says it is closely monitoring the situation, especially Karapetyan\u2019s case. The Kremlin described the unrest as an internal matter but stressed it wants Armenia to remain \u201ca prosperous and stable country that is friendly to Russia.\u201d<\/em><\/p>\n<\/p>\n<\/p>\n<\/p>\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Serzh Sargsyan has revealed that he personally asked businessman Samvel Karapetyan to acquire Armenia\u2019s power grid Former Armenian President Serzh […]<\/p>\n","protected":false},"author":1,"featured_media":2147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/2145"}],"collection":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/comments?post=2145"}],"version-history":[{"count":2,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/2145\/revisions"}],"predecessor-version":[{"id":2148,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/posts\/2145\/revisions\/2148"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/media\/2147"}],"wp:attachment":[{"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/media?parent=2145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/categories?post=2145"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.youtubexyoutube.com\/index.php\/wp-json\/wp\/v2\/tags?post=2145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}