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“Controversy Surrounds New QR Code System in Armenia: Who is Profiting?”

“Jhoghovurd” newspaper has reported that Armenia has introduced a new system of QR codes aimed at bringing transparency to the production and import of goods in the country. Uzbek businessman Alisher Usmanov is investing half of the total amount, according to RBK data. Currently, cigarettes, alcoholic and non-alcoholic beverages, smartphones, and tablets in Armenia are being sold with QR codes. However, the mystery remains as to who is the business mogul behind the production of QR codes, earning massive profits. The Armenian government has designated the National Opera and Ballet Theatre as the national operator responsible for labeling goods, as confirmed by “Jhoghovurd” newspaper.

“Hetq” has already published an advertisement for QR codes, priced at 4.2 drams, while the publication itself costs 2.2 drams. Additionally, an individual selecting to receive only QR codes and seal them on a single item will have to pay 6.4 drams. For instance, in November of the preceding year, Armenia witnessed the sale of 53 million liters of water. Assuming a selling price of 1 dram per liter, this translates to 53 million QR codes, costing approximately 222 million drams (equivalent to 550 thousand US dollars, excluding printing costs). It is crucial to note that this amount represents only 11 months and considers only closed water bottles. Around 111 million drams went to the owner of a profitable business in Moscow, Narek Sedorakian, who swiftly became a multi-millionaire thanks to the QR codes. Another co-founder of the National Center for the Development of Advanced Technologies “Armenia” CJSC, registered in Russia and reported by RBK, is linked to Uzbek millionaire Alisher Usmanov. According to Forbes, the German authorities have seized the assets of Russian millionaire Alisher Usmanov, valued at $156 million. Usmanov owns a property near Delbar, which is 156 meters long and estimated to be worth $600 million. In other words, Armenian Prime Minister Nikol Pashinyan is both challenging the Russian Federation while enabling an oligarch to become a national operator. This situation has fueled dissatisfaction among the public.

For more detailed information on today’s newspaper, refer to the source.

News from Armenia –
NEWS.am

Freelance journalist specializing in the underrepresented stories of the Russian far east.