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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 Privatization

Ukraine's privatization program aims to transfer state-owned enterprises to private ownership to improve the economy's competitiveness. Ukraine’s State Property Fund manages auctions for state assets ranging from small businesses to large industrial facilities, with proceeds designated for defense and reconstruction needs. Ukraine suspended privatization of strategic enterprises in March 2022 following Russia's full-scale invasion, but resumed limited sales of non-critical assets in 2023.

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