Luxury Yacht for Sale Designed for High-Ranking Guests

The Government of the Republic of Armenia has decided to sell a yacht designated for the highest leadership of Armenia and their high-ranking guests through auction. This decision was made during today’s meeting of the government.

The draft decision reveals that the yacht, with a balance sheet value of 78,143,372 AMD, is owned by the Closed Joint-Stock Company "High Voltage Electric Networks."

The yacht is planned to be sold at auction, with a preliminary market price set at 90,915,000 AMD.

According to the proposal presented by the government, the specified yacht is located on Lake Sevan and has served the highest leadership of Armenia and high-ranking guests during various events on Lake Sevan.

The rationale for the government’s draft decision states that the necessity and appropriateness of the yacht’s further operation no longer exist.