Publication

This paper looks at the current state-of-affairs in the decades-long territorial dispute over Nagorno-Karabakh between Azerbaijan and Armenia. According to the author, the picture is bleak. Mediation efforts by the OSCE’s Minsk Group have failed to produce a breakthrough so far. The political leadership of both countries is unwilling and unable to make painful concessions, fearing opposition from domestic public opinion and the Diaspora abroad. As the arms race in the region accelerates, there is little hope for peace in the near future. There is also little room for political maneuver and growing frustration among both nations might lead to the outbreak of war, putting socioeconomic development and energy projects at great risk.