Armenian Court Orders State Control of Tsarukyan's Ararat Brandy Factory

An Armenian court has ruled to place the historic Ararat Brandy Factory in Yerevan under state maintenance and control. The decision follows similar legal actions against other properties held by Gagik Tsarukyan's Multi Group holding company. The ruling represents ongoing state intervention in assets connected to the prominent businessman. Ararat brandy is one of Armenia's most recognized exports internationally, with production at the Yerevan facility spanning generations. The court order adds to a broader pattern of legal proceedings affecting Tsarukyan's business empire. Details regarding the specific grounds for the takeover and timeline for implementation were not immediately provided.