of both investments, investigative journalists found millions of dollars of luxury real estate owned by Minnikhanov's family. Vardanyan denied these accusations. Executive posts In 2004 Vardanyan was CEO of Rosgosstrakh. He also headed Troika Dialog at the same time. As of October 2019, Vardanyan is one of the members of board of directors at Kamaz, Ameriabank and Global Blue Russia Holdings B.V. He also is a member of the investment committee Avica Property Investors International, a member of the supervisory board at Investment and Venture Fund of the Republic of Tatarstan. Vardanyan is the chairman of the editorial committee international at BRICS Business Magazine. He previously had served as an expert and executive member of advisory boards at Sollers JSC, AvtoVAZ, Sibur, Novatek, Sukhoi Civil Aircraft Company, Sheremetyevo International Airport, Rosgosstrakh, International Finance Corporation, Standard Bank, Marsh & McLennan Companies, Russian Trading System, Moscow Stock Exchange, the Federal Commission on Securities Market, the Depository Clearing Company, the National Association of Stock Market participants etc. He also headed the National Association of Stock Market participants during 1997 and 1998. Since 2000, Vardanyan has been a member of the Russian Union of Industrialists and Entrepreneurs (RSPP) where he was one of the members of executive board till 2012. In 2009 he entered the Committee on Innovative Policy and Entrepreneurship. Vardanyan was one of the co-founders of the 2015 Club, an informal Russian businessmen organization, that worked on strategic planning for the Russian economy up to 2015. Since 2010 Vardanyan is a member of trustees at the Alexander Gorchakov Public Diplomacy Fund. In 2015 he co-founded the Primakov Center for International Cooperation, currently Vardanyan is a member of its advisory board. In 2019, Vardanyan was invited to join the executive board of Moscow-based ACRA rating agency. Following the 2022 Russian invasion of Ukraine, Vardanyan was placed on the Ukrainian government’s list of sanctioned people for his role as a board member of the Russian air cargo company Volga Dnepr, which plays a major role in Russian military air transport. Move to Armenia and the Republic of Artsakh In June 2021, Vardanyan acquired Armenian citizenship. He stated that he made his decision to move back to Armenia following the 2020 Nagorno-Karabakh war. In the past, Vardanyan denied any intention to take up any government position in Armenia; however, he was viewed as a potential political player and is rumored to be involved with the