Lukashenko says he may quit as president
Belarus hits EU with tit-for-tat sanctions
Belarusian police introduce colour-coded torture system for detained protesters
Kremlin publicly condemns Belarusian police brutality in hint of growing frustration with Lukashenko
Russian services PMI rises to 48.2, but remains underwater as recovery continues to slow
Russia to start mass vaccinations on December 7
Azerbaijan’s Aliyev calls on Armenia, Russia, Turkey and Iran to assist in creating Nakhchivan land corridor
FPRI BMB Russia: Sberbank releases a three-year transformation strategy to e-commerce concern
Ukraine’s banking sector continues recovery, but profits still lagging last year
Ukraine’s real wages up over 10% in October but have been stagnant in dollar terms for almost a year
FPRI BMB Ukraine: Public has confused opinions on resolving the Donbas conflict
Western Balkans plus Ukraine subsidised coal with over €900mn in 2018-2019
Estonian parcel robot firm Cleveron eyes €30mn state loan
Estonia’s chief auditor says €1bn in state COVID-19 loans issued haphazardly
Economic sentiment in CEE falls in November as recovery momentum splutters
Estonian animation studio Imepilt to hold IPO
Brighter days ahead: The economic bounce back in 2021
Central, Southeast Europe stock markets jump in anticipation of COVID-free future
VISEGRAD BLOG: An easing of trade tensions but still an uncertain situation for export-oriented Central Europe
Hungary's PM risks isolation as Poland mulls dropping EU budget veto
Poland ready to back down from veto of EU budget
Hungary's ruling party in damage control mode after MEP sex scandal bombshell
Poland’s PMI remains stuck just above the improvement line at 50.8 in November
Czech companies dominate this year’s Deloitte Technology Fast 50 CE
Coronacrisis to get worse before it gets better forecasts wiiw
EU diplomats say no chance of Bulgaria removing veto for Skopje to start EU accession talks
IMF says downside risks to Albanian economy are increasing
EU ministers fail to agree on launch of accession talks with Albania and North Macedonia
Western Balkans commit to green agenda and regional common market at Sofia summit
Bosnia’s opposition ousts nationalist parties in major cities
Bosnia’s main ethnic parties fight to hold onto power in local elections
Southeast Europe’s EU members to get biggest boost from next budget and recovery funds
Bulgaria imposes 3-week lockdown to slow down COVID-19 spread
CEE politicians highlight trade and security ties as they congratulate Biden
Breakaway Transnistria fully under Sheriff’s control as Obnovlenie party sweeps board in parliament election
Moldova’s presidential election is over, now the battle for the parliament begins
Moldova’s foreign policy reset
Russian establishment quick to congratulate Moldova's new president-elect
Rising COVID-19 cases put intense pressure on CEE healthcare systems
MEPs urge European Commission to act against Hungarian media financing in North Macedonia and Slovenia
North Macedonia mulls decriminalising cannabis to boost tourism
Retail surpass pre-crisis peak as Romanians shop instead of holiday
Romanian venture capital firm Catalyst launches new €40mn-50mn fund for TMT
Aegon to sell its CEE business to Vienna Insurance for €830mn
The state is back in business
Slovenian PM Jansa stands alongside Hungary and Poland in EU rule of law row
BEYOND THE BOSPORUS: Turkish number crunchers deliver November inflation surprise of 14%
Erdogan needs to go says analyst assessing Turkey’s economic collapse
Ukraine strikes deal with Turkey to produce killer drones instrumental in Karabakh conflict
In Karabakh deal, as many questions as answers
Protesters flood Yerevan demanding Armenia’s “traitor” PM quit over Nagorno-Karabakh surrender
Who emerge as the real winners from the bloody Nagorno-Karabakh conflict?
Below average 2020 wine production destined for volatile and uncertain global market
Iran calls on Saudis to limit $67bn defence spending to Tehran’s $10bn
Iranian prosecutors pledge to pursue Trump for Soleimani killing even after he leaves White House
No reaction from Kazakh elites as bombshell FT report says Nazarbayev’s son in law siphoned millions from pipeline scheme
UK court freezes $5bn in assets connected to fugitive Kazakh banker Ablyazov
Attack of the Debt Tsunami: global debt soars to a new all-time high
Kyrgyzstan's proposed new constitution provokes widespread revulsion
Kyrgyzstan's China debt: Between crowdfunding and austerity
CFC joins RWC in assessing KAZ Minerals buyout offer as under-valuation
China business briefing: Not happy with Kyrgyzstan
Mongolian coal exports to China paralysed as Beijing demands virus testing of truck drivers
Mongolia fears economic damage as country faces up to its first local transmissions of coronavirus
Mongolia in lockdown after suffering first local coronavirus transmissions
Mongolia’s wrestling culture: From the grasslands to the cage
No surprises in Tajikistan as Rahmon retains presidency with 91% of vote
A Tajikistan poised on verge of economic calamity set for vote
Tajikistan revives on-off dispute with Iran
Turkmenistan: The dammed united
Turkmenistan: Everybody yurts, sometimes
Dirty money investigation reviews identified payments worth $1.4bn linked to Turkmenistan
Uzbekistan unveils extensive privatisation programme
Download the pdf version
If Azerbaijan joined the Eurasian Economic Union (EEU), the Russia-led free trade bloc, the Nagorno-Karabakh conflict would also be solved over time thanks to the strong economic and business ties that would be created among EEU member countries, Sergei Glazyev, Vladimir Putin's adviser on Eurasian economic integration, told journalists in Yerevan on October 13 according to Aravot.
That the Kremlin would seek to bring its former satellite states back under its influence is unsurprising - it has been seeking to do so ever since the breakup of the Soviet Union, with varying degrees of success. Impoverished Armenia, the economy and military protection of which are highly dependent on Russia, has been one of the more tractable states that emerged out of the Soviet Union. Together with Russia, Belarus, Kazakhstan and Kyrgyzstan, Armenia is also an EEU member.
However, other countries - like Azerbaijan, Tajikistan and the notoriously closed-off Turkmenistan - have sought to distance themselves from the Kremlin and resisted pressure to join the Russia-led bloc. All member states have equal veto power. Therefore, Armenia could theoretically block Azerbaijan from joining if the latter ever considered that option.
Armenia and Azerbaijan fought a bitter war over the breakaway region of Nagorno-Karabakh in the early 1990s. The conflict ended with a ceasefire, but not peace settlement in 1994; the ceasefire has been frequently violated. Since a brief war left hundreds of casualties in April 2016, Moscow has been increasingly playing the role of unilateral peace mediator between the two sides. While historically it has sided with Armenia - Russia's support was essential to Armenia's occupation of Nagorno-Karabakh and surrounding territories in the 1990s and to its defence ever since - Moscow has in recent years been playing both sides by selling armaments to Baku and Yerevan at the same time.
This equivocal state of affairs makes Glazyev's statements all the more surprising. During the press conference in Yerevan, he went as far as to advocate that all three countries in the South Caucasus should join the EEU - Georgia is well-known for its opposition to Russia after the latter invaded it in 2008 - for the sake of regional peace. He added that, unlike with the EU, membership in the EEU is "voluntary".
Glazyev's statements represent a rare glimpse into how Moscow conceives of the longstanding territorial conflicts in the South Caucasus - and how it can benefit from them. Interestingly, Baku has never expressed an outright interest in joining the EEU or any regional organisation, focusing instead on promoting more loosely defined regional "trifectas" like Azerbaijan-Turkey-Georgia and Azerbaijan-Russia-Iran that would strengthen its relative economic and diplomatic importance to the detriment of Armenia.
Furthermore, Glazyev's statements come at a time when both Armenia and Azerbaijan are in the process of finalising revised agreements with the EU - Armenia is about to sign an agreement in November, Azerbaijan is still negotiating terms. Armenian and Azerbaijani media outlets reported on October 12 that the EU-Armenia agreement will help solve one of the bones of contention between the two countries, that of an ageing nuclear power plant that Armenia wants to revive and about which Azerbaijan has been complaining for years, saying it is an ecological and human health threat to the entire region. As per the terms of the agreement, Armenia is to close down the facility.
Furthermore, the Azerbaijani and Armenian presidents held renewed peace talks on Nagorno-Karabakh in Vienna on October 16, part of decade-long efforts to mediate the conflict by the Organisation for Security and Cooperation in Europe (OSCE). Russia is one of the three co-chairs of the group that mediates the talks, together with the US and France. The process has been frequently criticised by Azerbaijan and Armenia as ineffective.
Little progress is expected to be reached as a result of the latest round of the negotiations, which are one of the many such occurrences to have taken place in the last two decades, because neither Baku nor Yerevan have been willing to compromise on their positions regarding the conflict. Nevertheless, their heads of state agreed to intesify negotiations and to take unspecified "additional steps" in order to reduce tensions at the border, Arka news agency reported on October 16.
here to continue reading this article
and 5 more for free or purchase
12 months full website access including
the bne Magazine for just $250/year.
Register to read the bne monthly magazine for
Password could contain only
and have 8-20 symbols length.
Please complete your registration by confirming your
A confirmation email has been sent to the email
address you provided.
can't be empty.
No user with
this email address.
Access recovery request have been expired. Please,
Access recover request have been expired.
Please, try again.
To continue viewing our content you need to complete
the registration process.
Please look for an email that was sent to
with the subject line
"Confirmation bne IntelliNews access". This email will have
instructions on how to complete registration
process. Please check in your "Junk" folder in
case this communication was misdirected in your
If you have any questions please contact us at email@example.com
Sorry, but you have used all your free articles fro
this month for bne IntelliNews. Subscribe
to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free
digital weekly newspaper to subscribers to
the online package.
Click here for more subscription options,
including to the print version of our
flagship monthly magazine:
Take a trial to our premium daily news
service aimed at professional investors that
covers the 30 countries of emerging
For any other enquiries about our
products or corporate discounts please
contact us at
If you no longer wish to receive
Magazine annual print
Website & Archive
Combined package: web
access & magazine print
Take a trial to our premium daily news service
aimed at professional investors that
covers the 30 countries of emerging Europe: