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Billionaire Arrested Amid Armenia's Power Seizure Crisis

6/27/2025

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Summary

Story summary

Billionaire Samvel Karapetyan was arrested in Armenia for allegedly inciting a power seizure while backing the Armenian Apostolic Church, a claim he vehemently denies. In a bold move, Prime Minister Pashinyan aims to nationalize his Electric Networks of Armenia, as Russia closely watches the unfolding drama and extends its support.

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Story summary

Billionaire Samvel Karapetyan was arrested in Armenia for allegedly inciting a power seizure while backing the Armenian Apostolic Church, a claim he vehemently denies. In a bold move, Prime Minister Pashinyan aims to nationalize his Electric Networks of Armenia, as Russia closely watches the unfolding drama and extends its support.