A nighttime aerial strike by Russian forces on Sloviansk in Donetsk region killed one person and injured ten residents. Search operations continue under the rubble.
On the 1,697th day of the full-scale invasion, 238 combat clashes were recorded on the front, with Russian military losses amounting to 1,950 personnel and significant equipment.
The US President blocked the introduction of "hellish sanctions" by deciding to halt high tariffs and postpone secondary tariffs for buyers of Russian energy resources.
Enemy shelling in Zhytomyr region damaged energy facilities and housing, while two people were injured in Rivne region.
At the EU summit in Brussels, Volodymyr Zelensky emphasised that a Russian victory could trigger a new wave of migration and increased conflict escalation.
The Ministry of Commerce of the PRC warns the European Union of a resolute defence of its interests in the event of additional restrictions on imports of Chinese goods.
Vinnytsia Mayor Serhiy Morgunov reported that the city faced power supply issues following an enemy attack.
Two residents were injured after a strike hit an open area between residential buildings in Zaporizhzhia. Reports indicate damage to apartment blocks and vehicle fires.
The Armenian authorities have initiated the nationalisation process for the strategic enterprise "Electric Networks of Armenia" (ENA). Under the adopted decision, the state will receive the entire share package of the company — 100%. The majority of the securities belonged to the "Tashir" business group, which is controlled by Russian oligarch of Armenian origin Samvel Karapetyan.
On 15 October, the government officially recognised all shares of the ENA closed joint-stock company as objects of predominant public interest. This decision served as the legal basis for initiating the nationalisation procedure.
ENA is a monopolist in the transmission, distribution and retail of electricity across the entire country. Prior to these events, approximately 70% of the shares were held by Tashir Capital, which is part of Samvel Karapetyan's holding, while the remaining roughly 30% were under the control of Liormand Holdings Limited.
As early as 2025, the Armenian government introduced emergency legislation to take management of the company away from the private owner. The official reason cited was the improper management of ENA, although the company itself refuted these accusations. Later, the authorities announced their intention to fully nationalise the enterprise, arguing that this was necessary to ensure long-term and stable management of the energy system.
The process of transferring shares to the state is to begin no later than 1 May 2027 and be fully completed by 1 October 2027. The value of the assets will be determined based on a market valuation. Shareholders will have the right to provide a report from an independent appraiser.
The coordination of the procedure has been assigned to the Ministry of Territorial Administration and Infrastructure. The ministry is obliged to draw up an inventory of assets within two months of the decision entering into force. This deadline may be extended once, but by no more than two months.
The valuation of shares at market value will take place within three months after the approval of the asset inventory. The calculations will take into account actual, contingent and off-balance-sheet liabilities, as well as the company's risks: loans, guarantees, court and arbitration proceedings, potential claims and the ownership history since privatisation.
In a separate point, Armenian Prime Minister Nikol Pashinyan ordered a review of the legality of the initial privatisation of "Electric Networks of Armenia", which took place in the early 2000s.
Comments
No comments yet. Be the first!