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YEREVAN. – The arrest of Armenian-Russian billionaire Levon Hayrapetyan is beneficial for Turkic oil circles of Russia, sociologist Aharon Adibekyan believes.

Hayrapetyan is “guilty” of claims for participation in the oil business in Russia which is traditionally known for strong position of Azerbaijanis and representatives of other Turkic nations, Adibekyan said.

“Although Russia is our ally, when it comes to money different rules may work. The Armenians are traditionally getting an access to the banking sector, construction, high technology, but not oil and gas. This caused displeasure,” Adibekyan told reporters on Saturday. 

A Moscow court on Thursday sanctioned the arrest of Levon Hayrapetyan, who is suspected of dirty money squandering and laundering. The court granted the investigator’s respective motion and set arrest until September 15 as his restraining order.

 

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