Newly appointed Armenian Prime Minister Karen Karapetyan starts his term with deep financial pockets.

He’s declared bank cash deposits of 120 million AMD (US$253,000), $3.7 million, 850,000 Euros and 55 million Rubles ($880,000).

Upon taking office last month, Karapetyan declared revenues of 33 million AMD and 70.8 million Rubles.

Hetq has already written about Karapetyan’s business interests.