MOSCOW—A gala banquet attended by Russian-Armenian businessmen just concluded in the Russian capital, where $18 million was raised for Armenia Fund activities, reported Artsakh Times newspaper. The funds raised at the Moscoe gala will be combined with last month’s telethon pledges bringing this year’s Armenia Fund total to more than $30 million.
Last month, the Hayastan All-Armenian Fund announced that $12,286,478 was pledged during the annual Armenia Fund Thanksgiving Day telethon. Proceeds of the Telethon will benefit vital water and rural development projects in Armenia and Artsakh.
During the gala, Argentine-Armenian business Eduardo Eurnekian announced that he was planning to make investments totaling $11 million in Karabakh in the coming year.
Nagorno-Karabakh Republic President Bako Sahakian attended the gala.