In an exclusive interview with EU Today, Dr Marat Terterov, Founder and Director of the Brussels Energy Club, and Co-founder of the European Geopolitical Forum, outlined the key economic and geopolitical implications of the current crisis and warned against further escalation or any attempt at externally imposed regime change in Iran. According to Dr Terterov, oil prices spiked by approximately 7 percent in the immediate aftermath of the strikes—an early signal of market anxiety. Although prices have since moderated, he emphasised that this stabilisation is largely based on “bets on a ceasefire” and a broad assumption that the situation would not worsen. “Most experts believe Iran lacks the military muscle to sustain an open conflict with the United States or Israel,” he said. While Tehran has voiced outrage over the strikes—carried out during ongoing nuclear negotiations—Dr Terterov cautioned against underestimating the strategic calculus behind Iran’s actions. READ MORE

By Vasif HUSEYNOV, PhD, Head of Department, AIR Center, Adjunct Lecturer, ADA and Khazar Universities, Baku

On August 28, Armenian Prime Minister Nikol Pashinyan announced that his country will start substantive talks next month with the United States and Azerbaijan on the practical arrangements for opening a transit route to Azerbaijan’s Nakhichevan exclave via the territory of Armenia. The agreement on this route (hereafter the Zangezur Corridor) was reached on August 8 during a trilateral meeting between Azerbaijani President Ilham Aliyev and Prime Minister Pashinyan, mediated by U.S. President Donald Trump. According to the trilateral agreement, the route (renamed as the Trump Route for International Peace and Prosperity, or TRIPP) would serve as an “unimpeded” passage and be managed through what Trump called an “exclusive partnership” between Armenia and the United States for 99 years. According to Pashinyan, this implies the deployment of an “Armenia-United States company” which “will carry out the business management”. He underscored that the company “will not control that road but manage it,” refuting the domestic criticism about the loss of Armenian sovereignty over the route and the sublease of the territory to the United States. READ MORE

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

Uneasy neighbours at the best of times, open hostility from the Kremlin is pushing Azerbaijan closer to Ukraine.
Russian drones attacked an oil depot in Odesa in Ukraine on August 17. That’s not unusual, but that night’s target was notable in one important sense — the Kremlin struck high-profile infrastructure owned by SOCAR, Azerbaijan’s state oil company. This was no accident. Russia had attacked the same SOCAR facility in Ukraine on August 8. Taken together with a series of other events, it has become clear that Putin’s men are sending a message. That comes at some risk to themselves and potential benefits for Ukraine. These weren’t the first or even the most serious Russian acts of hostility against the energy-rich South Caucasian nation. On Christmas Day, Russian missile batteries shot down a scheduled Azerbaijan Airways plane, killing 38 people. The incident caused uproar, not least because while the missile firing may have resulted from mistaken identity, Russian air controllers refused the badly damaged aircraft permission to land. READ MORE

By Benyamin POGHOSYAN, PhD, Senior Research Fellow at the APRI Armenia
Lara SETRAKIAN, President, APRI Armenia

Political scientists and wider civil society from Armenia and Azerbaijan don’t often see eye to eye. After decades of war between the two countries their grievances run deep, with each side blaming the other for continued rounds of conflict. But experts in Yerevan and Baku can now agree on one thing: the meeting held in Abu Dhabi on July 10 between their heads of government was a moment of respite for the South Caucasus. After months without a major meeting between the two sides (the leaders met briefly at the margins of the European Political Community summit in Tirana in May), Abu Dhabi was able to host their most comprehensive gathering in known history, attended by representatives who cover all key aspects of the Armenia-Azerbaijan peace process. Still, expectations should be managed. The two sides may yet be very far from signing a peace agreement, though a draft was announced earlier this year. There are thorny issues, like border demarcation, that remain unresolved. And there are competing visions for how the future of transport links should evolve. Nonetheless, the Abu Dhabi meeting has revived the diplomatic track, giving new hope for peace and stability, while calming fears of an imminent outbreak of war. READ MORE

Gayrat Khonnazarov, Editor-in-Chief, UzA news agency

The Republic of Uzbekistan has demonstrated significant success in the international arena, strengthening its active participation in the United Nations (UN) and its specialized agencies. In 2024, the country achieved a number of key milestones that underline its commitment to universal principles and standards in the areas of human rights, socio-economic development, labor, and global cooperation. READ MORE

Bakhram Sotiboldiev,
Head of the Department of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan

In today's rapidly changing world, Uzbekistan confidently positions itself as one of the key players on the international stage. The country’s foreign policy, reinvigorated with the election of Shavkat Mirziyoyev as President in 2016, demonstrates impressive results, transforming the republic into a significant center for regional and global diplomacy. READ MORE

Export is a key driver of the economy, enabling the development of production, the creation of new jobs, and the growth of GDP. For this reason, every state seeks to support enterprises aiming to expand their exports to international markets. This article explores the comprehensive measures of direct support for exporters in Uzbekistan.
Export support in Uzbekistan is carried out systematically, strictly adhering to the goal set in the Uzbekistan 2030 Strategy — increasing the share of the private sector in exports to 60%.
Here are some indicative figures: from 2017 to 2023, Uzbekistan’s total exports reached $120 billion. In 2023 alone, export volumes amounted to $24 billion, marking a 64% increase compared to 2017.
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Agriculture is one of the leading sectors of Uzbekistan’s economy.
This sector accounts for more than 24% of the republic's gross domestic product and employs about a quarter of the total workforce. Thus, sustainable development and modernization of agriculture is a key priority of state policy and macroeconomic development strategy of the republic to ensure overall economic growth and improve the population’s welfare. READ MORE