Armenia
Russian–Armenian tycoon Karapetyan wins an arbitration case against Armenia
The court’s decision is reportedly subject to mandatory execution.
energy supply
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Armenia
Armenian Parliament adopts bill allowing state to take over energy company
The company is owned by Samvel Karapetyan, who was detained for making calls to overthrow the state.
Daghestan
Daghestan detains 19 employees of major energy supply company
Daghestan detains 19 employees of major energy supply company0:00/4:161× According to state-run media, 19 employees of Dagenergo, a company supplying electric and thermal power to Daghestan, have been detained in the republic on suspicion of embezzlement. The state-run news agency TASS reported on Thursday that investigative measures were being carried out against the 19 employees, citing a source in Dagenergo. Dagenergo is a branch of Rosseti North Caucasus, the main energy supplier in t
Abkhazia
Economic crisis looms in Abkhazia amid electricity shortages, ban of mandarins
The fallout from Abkhazia’s political crisis, which led to the downfall of President Aslan Bzhaniya in late November, has since evolved into one that impacts the economy. Over the last week, Abkhazia was hit with twin economic setbacks stemming from Russia, its primary financial benefactor. On 6 December, Russia banned the import of mandarins from Abkhazia, one of its top exports. Following this, electricity shortages, exacerbated by the prevalence of illegal crypto mining and the loss
