Nikol Pashinyan`s $ 500,000 Zayed Award Prize to be managed via  special deposit account

ArmInfo.  The $500,000 funds received by Armenian Prime Minister Nikol Pashinyan from the 2026 Zayed Prize for Human Brotherhood will be directed into a special deposit account. The corresponding decision  was made at the  RA government meeting on April 2.

The rationale for the draft resolution cites the need to adopt a  legal act for the management of the prize.  Currently, there is a  need to ensure the execution and separate accounting of the  aforementioned budget revenues and expenses incurred to this account.

The draft provides for the right to open an off-budget deposit  account in Armenian drams in its name at the Treasury of the RA  Ministry of Finance. This provision will allow for the deposit of  prize funds and ensure the financing of expenses determined by RA  government decisions. The decision will ensure transparency in the  management of prize funds and the ability to use them for their  intended purpose, as well as the introduction of separate accounting  of income and expenses through the state treasury system.

Armenian Prime Minister Nikol Pashinyan and Azerbaijani President  Ilham Aliyev were awarded the 2026 Zayed Prize for Human Fraternity.  The ceremony took place on February 4, 2026, in Abu Dhabi. The award  was presented for efforts to establish peace, with the $1 million  prize money divided between the countries.