The Nagorno-Karabakh War is remembered for its surprise victory of the underdog, Armenia, over the perceived winner, Azerbaijan. There are many reasons as to why: Azerbaijan has large oil reserves to feed its war machine, Armenia does not. Armenia has ...
Part 2 : This policy paper suggests a two-fold strategy for the Russian Federation over Nagorno Karabakh, one for the short-term, another one for the long-term. In the short-run, a “wait and see” policy maintaining the “frozen” status quo is ...
Summary As with many energy-exporting countries in the former Soviet Union, low global oil prices have hurt Azerbaijan, causing its economy to slow and its currency to tumble. And as oil prices continue to fall, protests are beginning to intensify. ...