SOFAZ reported losses from asset management of $2.659bn, or 5.7% of its value, as well as extra-budgetary expenses amounting to $2.46bn, largely due to exchange rate appreciation.
Getting the CSTO to send military assistance to Armenia and to condemn Azerbaijan's attacks were two of Yerevan's fundamental demands going into the summit.
Russia’s Gazprom announced on November 18 it would deliver up to 1bn cubic metres of natural gas to Azerbaijan between now and March under a new contract with the latter country’s state-owned oil firm SOCAR.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Russia’s imports crashed after the invasion of Ukraine in February as Western trade partners simply cut supplies to the country off while around 1,000 firms promised to pull out altogether. Now they are recovering fast.
Fibre-optic lines crucial part of project set to benefit up to 1.8bn people from Frankfurt to Mumbai.
Amid rows over Baku’s designs on Armenian territory, Iranian establishment figure claims Azerbaijani leader Ilham Aliyev has been “taunting” Iran and implicitly threatening its neighbour with a military attack.
Turkmenistan is finding new customers for its gas, while continuing to perform bizarre stunts for Guinness World Records. This and more in Eurasianet’s weekly briefing.
Regime arrests 19 members of group it says was founded and funded by Azerbaijani Shia Islamist group Huseyniyyun.
The Sochi summit underscored Russian efforts to regain the initiative in the Armenian-Azerbaijani negotiating process from the EU and US.
The mega project was cancelled in 2020 amid political acrimony and geopolitical speculation. Now, a shift in regional transport routes may be breathing new life into it.
A new $100mn project run by members of both presidents’ families highlights the tight relations between Turkey and Azerbaijan.
Avoiding sanctioned Russia in shipping freight between East Asia and Europe is a new difficulty for the cargo industry. The big alternative is the Trans-Caspian International Transport Route. Analysts wonder if it can take the strain.
The disastrous Russian invasion of Ukraine has caused a geopolitical tectonic shift. The five ‘stans’ are looking at other foreign partner options.
European Political Community isolates Russia, welcomes back UK and reassures EU candidate countries.
International transport routes through Ukraine and Russia have been disrupted, and Georgia has become a popular alternative.
Little evidence of progress in normalising Yerevan-Ankara relations or resolving conflict between Armenia and Azerbaijan following Prague encounter.
Azerbaijani IDPs are eager to return home. But they are uncertain about how their new lives are going to look.
Encounter is “huge” says analyst. However, hopes for a breakthrough in resolving Armenia-Azerbaijan conflict are low.
In the video Azerbaijani soldiers are apparently executing six Armenian POWs during its invasion on September 13-14.