Arguably the last thing new U.S. Treasury Secretary Janet Yellen wants to take up during her first days in office is a financial market imbroglio involving one of her last private sector business relationships.

• February 1, 2021

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

2020 was disastrous for Armenian foreign policy. The defeat in the 2020 Karabakh war which resulted in the November 10 capitulation has sent shock waves across Armenia and Diaspora. Within only 44 days Armenia lost what it gained during the 1992 – 1994 first Karabakh war. Significantly reduced Nagorno Karabakh was effectively turned into a Russian protectorate and its current status can be compared with Karabakh status in 1989 when the Soviet Union put Karabakh under the direct Kremlin control through the establishment of the Special Committee led by Mr. Arkadi Volski. Now approximately 3000 square kilometres of territory with some 100,000 Armenians there is again de facto governed by the Kremlin, while the head of the Russian peacekeeping mission LtG Muradov had assumed the role of Volski. READ MORE

• January 26, 2021

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

The four years of President Trump’s rule will most probably remain in the history of the United States as years of unprecedented turmoil. It started from Presidential executive orders to ban visas for several countries, continued with the tumultuous Russian investigation and impeachment process, almost permanent skirmishes with the key US allies, and ended up with an attack on the Capitol, suspension of the incumbent US President’s Twitter, Facebook and Instagram accounts, and the prospects of the second impeachment in the last days of the current administration. These extraordinary developments may force many to conclude that President Biden will make significant policy shifts in all major domestic and external issues. READ MORE

• January 19, 2021

Investors have been weighing a major political unknown since the November election that could ripple through asset prices: control of the Senate.

• January 4, 2021

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

Armenia-Russia relations have been the cornerstone of Armenian foreign policy since Armenia’s independence in September 1991. Immediately after the collapse of the Soviet Union Armenia found itself in a multi-dimensional crisis – the war in Karabakh, a blockade imposed by Azerbaijan and Turkey, and steep economic decline. In those circumstances, Armenia had no alternative but to forge a strategic alliance with Russia. Thus, Yerevan signed the Collective Security Treaty in May 1992, Russian border troops were deployed along the Armenia–Turkey and Armenia–Iran borders, and in 1995 Russia took over the former Soviet military base in Gyumri. READ MORE

• December 22, 2020

By Anna Ohanyan, PhD, non-resident senior scholar in the Russia and Eurasia Program of Carnegie

Reeling from a military defeat in a war with Turkey-backed Azerbaijan, can Armenia’s hard-won democracy withstand domestic political turmoil?
The recent agreement to cease hostilities in Nagorno-Karabakh has created a new status quo in the South Caucasus. Azerbaijan has recovered territories it lost in the 1990s when the conflict over the enclave first erupted, in the shadow of the Soviet collapse. A new modus vivendi between Russia and Turkey is shaping regional geopolitics. Once shaky authoritarian rule in Azerbaijan is now more deeply entrenched. It can also count on the support of Turkey, another increasingly authoritarian player in the neighbourhood. This stronger and deeper authoritarian presence in the region will place significant stress on nascent democracies in Georgia and Armenia for years to come. READ MORE

• December 16, 2020

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

The second Karabakh war ended with Armenia's capitulation. The unrecognized Nagorno Karabakh Republic lost approximately 75 percent of its territories, including parts of the former Nagorno Karabakh Autonomous Region within its 1988 borders. However, despite the clear defeat of Armenia, the conflict has not been solved. Azerbaijan was not able to invade the whole territory of Nagorno Karabakh and currently, some 3000 square km of the territory is being controlled by Russian peacekeepers effectively creating a de facto Russian protectorate. READ MORE

• December 16, 2020

Donald Trump was clear with Latin America during his four-year administration: don’t do business with China. The message failed to hit home.

• December 14, 2020