August 10, 2026 (Translated from Armenian to English. Original article by Vahe Sarukhanyan, published on HETQ.AM, August 03, 2026)
U.S. authorities have doubled the volume of the TRIPP+ Enterprise Fund, increasing it from $201 million to $402 million. This is reported by the American website highergov.com, which tracks, among other things, government-allocated grants.
The TRIPP+ Enterprise Fund was established earlier this year on January 26, two weeks after the Washington meeting (January 13, 2026) between Armenian Foreign Minister Ararat Mirzoyan and U.S. Secretary of State Marco Rubio. At the conclusion of that meeting, the diplomats released a document revealing that the parties would establish a company to develop and implement the infrastructure of the TRIPP route passing through southern Armenia — the TRIPP Development Company.
Armenia will hold 26% of its shares, while the U.S. — specifically TRIPP Development Company US, to be incorporated in Delaware — will hold 74%. That entity will be a subsidiary of the U.S. International Development Finance Corporation (DFC), a U.S. government agency.
As we have previously written, the TRIPP Development Company and the TRIPP+ Fund are separate entities.
- Trump and Republican Party’s Prolific Donor: Head of TRIPP+ Fund (hetq.am article in Armenian, English translation)
On the same day, January 26, the TRIPP+ Enterprise Fund was also established in Delaware. Its head was appointed as Konstantin Sokolov, a businessman who supports the current U.S. Republican administration and President Trump in particular. Sokolov, as we have noted, is officially a 20% shareholder of Armenia’s largest mobile operator, Viva Armenia CJSC.
Notably, in Delaware’s official company search database, the fund is listed under the name Trans-Caspian Enterprise Fund.
In July, citing The Guardian, we reported on the fund’s expected operations. The British outlet, citing a U.S. State Department spokesperson, wrote that the fund is authorized to make $201 million in investments in the South Caucasus and Central Asia — namely Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The purpose of the investments is to promote strategic private-sector development in these countries, with investments taking the form of loans, equity investments, and grants.
We also noted that the enterprise fund is a financial mechanism used by the U.S. government, with roots dating back to 1989. Through such funds, the U.S. has for years made investments in Eastern European countries, particularly those that were once part of the socialist bloc.
Each enterprise fund operates as an independent, autonomous organization managed by a board of directors, with the U.S. government responsible for overseeing its operations.
Thus, according to highergov.com, the U.S. State Department’s Bureau of European and Eurasian Affairs awarded a $201 million grant to the TRIPP+ Fund on January 30. The funds are to be disbursed over nearly 11 years, through December 31, 2036.
According to the same source, on July 16 a modification was made, and the U.S. government committed to allocating $402 million in grants to the TRIPP+ Enterprise Fund. The disbursement timeline remains the same — through the end of 2036. From the highergov.com data, we can conclude that the entire amount has already been allocated to the TRIPP+ Fund (see chart).
According to the same source, the primary destination for these funds will be Armenia.
Credits:
- TRIPP+ ֆոնդը պաշտոնապես գրանցված է իբրեւ Տրանսկասպյան ձեռնարկատիրական ֆոն https://hetq.am/hy/article/183044