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Ex-Moscow Investment Banker Takes Top Job in War-Torn Region

  • Ruben Vardanyan to become state minister in Nagorno-Karabakh
  • Thousands died in 2020 Armenia-Azerbaijan war over the region
Ruben Vardanyan. 

Ruben Vardanyan. 

Source: Bloomberg

Updated on

Ruben Vardanyan, a founder of one of Moscow’s first investment banks who renounced his Russian citizenship last month, said he’s taking up a top post to help run the Armenian administration of the disputed region of Nagorno-Karabakh.

Vardanyan announced that from November he’ll become state minister of Artsakh, the Armenian name for the territory that’s internationally recognized as part of Azerbaijan and which has been at the center of a conflict since the Soviet Union’s collapse more than 30 years ago. He said he’ll use the second-highest position in the unrecognized self-declared republic to “set out our strategic goals and priority tasks.”