EBRD: News

News Feed

As Armenians head to polls, Russia and West vie for influence in the South Caucasus

From a gated hilltop mansion on the outskirts of Yerevan, Russian-Armenian billionaire-turned-opposition figure Samvel Karapetyan is carefully coordinating his path to power. An energy sector magnate who made his fortune in Russia, Karapetyan has been under house arrest since January. From behind his high iron gates, he and his pro-Russian Strong Armenia party have emerged as the most prominent force among Armenia's bloc of scattered opposition parties. In Sunday's election, that opposition is

About EBRD

The European Bank for Reconstruction and Development is a multilateral bank founded in 1991 with headquarters in London. The EBRD supports economic development across Central and Eastern Europe and has invested over €20 billion in Ukraine since 1993, making it the bank's largest country of operations. Since February 2022, the bank has mobilized emergency financing for infrastructure repairs and reconstruction.

Read more

Most Popular

News Feed