In the first part of the study, we showed that it was the position of Georgia's business elites that influenced the country's political course, shifting its vector from European integration to the Russian direction. This position is in no way connected with any phobias or personal preferences of Georgian-Russian magnates. The situation in Armenia is partly similar to Georgia, but has some peculiarities. We will talk about these peculiarities in detail and particulars in the second part of the publication.