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Yuri Vardanyan died on 1 November 2018 at the age of 62.

On 24 June 2014 Vardanyan was appointed Armenia's ambassador to Georgia. This move was negatively received by diplomats and politicians. For instance, Armenia's ex-Foreign Minister Alexander Arzumanyan said he deeply respects Vardanyan's achievements in sport, but questioned Vardanyan's knowledge of Armenian-Georgian relations. Defending the decision, ruling Republican Party Georgian-born MP Shirak Torosyan claimed that "Armenia has never appointed a professional ambassador to Georgia ever since gaining independence" and that "Individuals accomplished in different areas have been appointed but they were never diplomats. So it has become a kind of tradition. As for the Armenian-Georgian relations, I don’t think they have to be linked to the ambassador’s work. The ambassador is just required to use his potential to better develop those relations."

On 8 May 2013 Vardanyan was appointed Minister of Sport and Youth Affairs. Introducing Vardanyan as a new member of his cabinet, Prime Minister Tigran Sargsyan stated that he is "It would be hard to find a better candidate for this post as Mr. Vardanyan knows very well the needs of athletes, their living conditions, and what should be done to promote sports in our country. From this perspective, we do believe that his long experience and knowledge may bring about a breakthrough in this field."

Vardanyan was hospitalized in the Erebuni medical center for an unknown reason on 22 April 2011. Doctors stated his condition was "grave but stable." That same day, Vardanyan was diagnosed with an embolism and during surgery for lower leg reconstruction, his heart stopped. He slipped into a coma. His condition was reported stable a few days later and he was released from the hospital on 13 May 2011.

On 8 October 2010, Vardanyan was in a car accident when his vehicle hit a tractor on the Yerevan-Gyumri highway. He was taken to a hospital in Ashtarak and was later transferred to Nairi Medical Center. Vardanyan received emergency surgery on a thigh bone and he sustained shin injuries, but recovered.

To this day, Vardanyan is hailed as a hero in Armenia for his deeds in the sport of weightlifting. A stamp of Vardanyan was printed in 2010 in honor of him.

In 2009 Vardanyan became an advisor to President Serzh Sargsyan's and was appointed Minister of Sports in May 2013. In June, he was controversially appointed Armenia's ambassador to Georgia.

Vardanyan and his family returned to Armenia in 2009. Vardanyan openly politically supported Serzh Sargsyan's policies , unlike those of the previous President Robert Kocharyan, and decided it was time to return to his homeland in the wake of Sargsyan's election. Vardanyan returned to his political duties and became and became an advisor to the President.

On 2 April 2009 Vardayan was appointed as an advisor to President Serzh Sargsyan.

Vardanyan also set all the world records for a final time in the light heavyweight division. Although thirty world records were broken in the weightlifting event, Vardanyan was the only weightlifter to break all three of the snatch, clean and jerk and total world records in his respective division. Vardanyan lifted a total of 405 kg, a total that has not been matched since, as the current light-heavyweight record for the now 85 kg light heavyweight category (thereby not including records set before the weightlimit change) is currently 394 kg, set by Andrei Rybakou at the 2008 Summer Olympics.

Vardanyan moved to Moorpark, California with his family in 1992. Vardanyan had not forgotten about his homeland and still continued his political pursuit in Moorpark in order to help Armenia. Using connections with former Soviet Union countries, Vardanyan did work in business and traveled frequently.

Vardanyan moved to the United States in 1992 and settled in Los Angeles. He claimed that he had some political disagreements with then-President Levon Ter-Petrosyan and that served as a reason for him to move to the United States. He came back to Armenia in 2009.

Because of political reasons, Vardanyan was forced to end his weightlifting career prematurely. He was already training for the 1988 Summer Olympics and had no intention to stop competing. Vardanyan later claimed he could have won four Olympics.

Following the Friendship Games, Vardanyan won his final World Championship at the 1985 World Weightlifting Championships. Vardanyan won seven gold medals and one silver medal in total in the years he competed at the World Weightlifting Championships, putting him just in second on the all time medal count, behind the great Vasily Alekseyev. Vardanyan received the Order of Lenin award in 1985 for his many accomplishments in the field of sport. Vardanyan set 41 world records during his decorated career.

Vardanyan faced defeat for the only time in the light heavyweight weight class at the 1984 European Weightlifting Championships, coming in second to Zlatev.

Because of the 1984 Summer Olympics boycott, Vardanyan was unable to compete at the Olympics that year, despite being a massive gold medal favorite. In place of the 1984 Olympic Games, Vardanyan and the rest of the Soviet and Soviet-affiliated athletes competed at the 1984 Friendship Games.

Competing as a light heavyweight again, Vardanyan successfully regained his European and World Championships in close competitions to Zlatev, winning by just 2.5 kg in the total in both. At the 1983 World Weightlifting Championships, Vardanyan's friends and teammates Oksen Mirzoyan and Yurik Sarkisyan had also won the gold medal in their respective divisions, meaning that Armenians had come in first in the world in three of the ten divisions.

Vardanyan met his wife Eleonora, a Russian athlete in the sport of luge, while training together in the USSR national sports selections. They got married in 1983 in Armenia. The couple have three sons: David (b. 1983), Norayr (b. 1987) and Michael (b. 1995). Their middle son, Norayr Vardanyan, is an Olympic weightlifter who represented Armenia in the 2012 Olympics and who now represents the United States.

Vardanyan went back up to middle-heavyweight again in 1982. He set all the division records again at the USSR Weightlifting Championships in Dnipropetrovsk. However, he came in second to old rival Blagoi Blagoev at the European and World Championships and decided to campaign at light heavyweight once again.

At the 1980 Summer Olympics Vardanyan became the first weightlifter from Armenia ever to win a gold medal in weightlifting.

The following year, Vardanyan moved up to middle-heavyweight for a competition in Donetsk, in which he set all the division's world records, but decided to move back down to light heavyweight for the World and European Championships in Lille. It was also during this time that Asen Zlatev of Bulgaria emerged as a top contender in the division. Zlatev had also won a gold medal at the 1980 Olympics and now moved up to light heavyweight, as had Vardanyan. Zlatev placed second behind Vardanyan in both competitions in Lille.

Vardanyan's spot as the best light heavyweight in the world had gone unchallenged once again in 1979. He set many world records at the USSR competitions that year, leaving the world record in the total at 390 kg. Because of his success so far, great expectations were set for Vardanyan at the Olympics the coming year.

In 1978, Vardanyan moved up to the light heavyweight division (82.5 kg). He soon became the European Champion again and set all the division records by the time of the Championships. Four months later, at the World Championships, Vardanyan came into the competition relatively overshadowed by more well-known weightlifters, such as David Rigert. Vardanyan caught the eyes of the weightlifting world by breaking all of his own records again and defeating silver medalist Péter Baczakó of Hungary by 25 kg in the total in a dominant performance.

Yuri Vardanyan first came onto the international weightlifting scene in 1977. He competed against Peter Wenzel of East Germany, one of the top middleweights in the world, twice that year and defeated him both times. Also that same year Vardanyan also won the Championship of the USSR for the first time. Vardanyan had set all the world records in the division by the time of the Weightlifting European Championships at the age of 20 and became a Weightlifting World Champion for the first time at the age of 21. For his deeds, he received the Honoured Master of Sports of the USSR award that year.

Yuri Norayrovich Vardanyan (Russian: Юрий Норайрович Варданян ; Armenian: Յուրի Վարդանյան , also transliterated Yurik Vardanian, 13 June 1956 – 1 November 2018) was a Soviet Armenian weightlifter. Vardanyan won a gold medal at the 1980 Summer Olympics, becoming the world's first weightlifter to achieve a 400 kilogram total in the 82.5 kg weight category. During his career he set several world records. He trained at Lokomotiv in Leninakan, Armenia. He earned the title Honoured Master of Sports of the USSR in 1977 and was awarded the Order of Lenin in 1985. In 1994 he was elected a member of the International Weightlifting Federation Hall of Fame.

Vardanyan was born on 13 June 1956 in Leninakan, Armenian SSR (now Gyumri, Armenia), a city well known for its weightlifters. He began weight training in 1970 under the guidance of his uncle Sergey Vardanyan.