⌂ Home News Trump Appoints Ballroom Donor Konstantin Sokolov to Lead State Department Enterprise Fund

Trump Appoints Ballroom Donor Konstantin Sokolov to Lead State Department Enterprise Fund

Trump Appoints Ballroom Donor Konstantin Sokolov to Lead State Department Enterprise Fund
Konstantin Sokolov appointed chairman of Tripp+ enterprise fund
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The answer should be no."

The Trump administration has actively deepened ties with Armenia, committing $9 billion to its nuclear energy sector and completing an $11 million sale of US-made reconnaissance drones.

The Development Finance Corporation plans to incorporate the "Tripp Development Company" to build railways linking Azerbaijan to Nakhchivan, Armenia, and Turkey.

The US has operated 13 enterprise funds since 1989, and the Tripp+ fund was established under post-Soviet legislation.

The current administration has requested Congress to expand its authority to establish these enterprise funds globally in its 2027 budget request.

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State Department official Jeremy Lewin indicated to the Council of Foreign Relations in April that the agency had secured $400 million to allocate to the Tripp+ fund, calling it "one test case of many about how we're trying to reorient foreign assistance, especially in the sort of economic investment space."

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Author: jojo
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