Armenian News - Tert.am
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11:16 Nov 23, 2023
At the beginning of November, Tert.am reported that the next expansion of American sanctions against Russia also affected businessman Gleb Trotsenko. The Trotsenko family owns the mining company GeoProMining, which combines various mining assets, including gold, copper and molybdenum mining in Armenia and the Zangezur copper-molybdenum plant. According to the media, Roman Trotsenko transferred his shares of ZMPK to his son, and since April 2022, the latter is one of the main beneficiaries of ZMPK. This implies that the sanctions imposed by the United States may be extended to ZMPK. In order to get a comment on this issue, Tert.am turned to ZMPK. "Zangezur Copper-Molybdenum Combine" CJSC issued a statement today. "Zangezur Copper-Molybdenum Combine" CJSC (hereinafter referred to as the "Company"), founded and operating in accordance with the legislation of the Republic of Armenia, hereby informs that neither the Company, nor the Company's shareholders or beneficial owners, as of the date of publication of this...