Armenia Eyes US Investment Boom as Contest for Region Heats Up

Armenia is readying for a wave of US-led investment that could exceed $13 billion, almost half the country’s annual economic output, and weaken its longstanding dependence on Russia.

US Vice President JD Vance’s visit to Armenia this week, where he signed a civil nuclear partnership worth as much as $9 billion, signaled a potentially dramatic deepening of Washington’s ties with the tiny former Soviet republic. A separate $4 billion expansion of an artificial intelligence project may also help transform prospects for Armenia’s $27 billion economy.