The current portfolio of Solis company contributes to energy independence and diversification in Armenia by developing local renewable energy generation.
Party leader Samvel Karapetyan, a businessman holding Russian and Cypriot citizenship, was detained in June 2025 on charges of calling for a coup after criticizing the Armenian government's actions regarding the Armenian Apostolic Church.
By extending export restrictions on Armenian products, Moscow is weaponizing economic relations for political pressure.