Belarusian-Russian Investor Threatens Armenia with Arbitration Over Business Interference
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A Belarusian-Russian investor, Nikolai Vinitsky, has sent a notification to the Armenian government regarding an investment dispute. Vinitsky alleges that his investments in four Armenian enterprises were illegally expropriated due to 'arbitrary and discriminatory measures' taken for political purposes. He demands that the government refrain from further unlawful actions, restore access to management and control of the enterprises, and abandon plans for nationalization. If the dispute cannot be resolved amicably, Vinitsky intends to seek justice in international arbitration with a demand for full compensation for damages.
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