• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Finding the Right Deferred Sales Trust Company

December 21, 2025

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

December 21, 2025

5 Battle-Tested Strategies to Win Over Skeptical Customers

December 21, 2025
Facebook Twitter Instagram
Trending
  • Finding the Right Deferred Sales Trust Company
  • When $50 Costs You $500: The Coming Social Security ‘Income Cliff’
  • 5 Battle-Tested Strategies to Win Over Skeptical Customers
  • How Businesses Should Rethink Video Strategy for 2026
  • Manage Your Entire Company From One White-Label Platform for $280
  • I Spent $160,000 of My Family’s Savings to Bootstrap a Startup — Here’s What No One Tells You About Fundin
  • Here’s How I Make $1,000 a Month Selling Thrift Store Finds Online
  • These 4 Banks Are Still Offering Close to 5% (But Not for Long)
Sunday, December 21
Facebook Twitter Instagram
iSafeSpend
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
iSafeSpend
Home » The Nagorno-Karabakh crisis raises serious questions for Russia — and the West
News

The Nagorno-Karabakh crisis raises serious questions for Russia — and the West

News RoomBy News RoomSeptember 22, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

A short-lived military operation in the disputed Nagorno-Karabakh region appears to have paved the way for Azerbaijan to take full control of a breakaway enclave that has endured more than three decades of conflict.

The latest-flare-up in Azerbaijan-Armenia tensions thrusts an often-overlooked conflict back into the global spotlight and dramatically ratchets up fears of major unrest throughout the Caucasus.

The contested mountainous region of Nagorno-Karabakh is internationally recognized as part of Azerbaijan, but it has been under de-facto Armenian control since the early 1990s.

The landlocked South Caucasus territory declared independence from Azerbaijan in 1991 and, with the support of Armenia, has fought two wars with Azerbaijan in the space of 30 years. The Nagorno-Karabakh region is currently home to an estimated 120,000 ethnic Armenians.

Talks on Thursday between ethnic Armenians from Nagorno-Karabakh and Azerbaijan came to an end without a final agreement, Russia’s RIA news agency reported, citing the ethnic Armenian’s representative. Further talks are expected to take place in the near future.

It follows an abrupt 24-hour offensive by Azerbaijani forces on Tuesday that swiftly broke through ethnic Armenian lines, seized strategic positions and resulted in the surrender of separatist forces.

Azerbaijani President Ilham Aliyev declared in a speech to the nation on Wednesday that “Karabakh is Azerbaijan,” saying that the military operation had succeed with an “iron fist.”

Armenia, which has typically looked to Russia as a security guarantor, said Azerbaijan’s military operation was an attempt to ethnically cleanse Nagorno-Karabakh, a charge Baku has denied.

Armenian authorities in Nagorno-Karabakh accused Azerbaijan of violating a cease-fire agreement, with Reuters reporting gunfire could be heard in the region’s capital on Thursday. Baku has rejected this allegation as “completely false.”

Armenian Prime Minister Nikol Pashinyan has faced calls to resign over the surrender of Nagorno-Karabakh’s authorities, with thousands of people on Wednesday taking to the streets of the Armenian capital Yerevan to condemn the government’s perceived failure.

Yerevan’s decision to remain on the sidelines during the military operation came at a time when Armenian authorities lacked the backing to engage directly with Azerbaijan, which enjoys military superiority and has stronger backers.

Analysts told CNBC that Pashinyan’s grip on power was being “weakened by the minute” over the Nagorno-Karabakh crisis, particularly given that the prime minister does not appear to enjoy either internal or external support.

“For a very long time, it was a war that was ignored by many,” Tinatin Japaridze, a Eurasian political risk analyst at political risk consultancy Eurasia Group, told CNBC via telephone.

“There were flare-ups here and there over the last couple of years, with the most recent flare up a couple of days ago being the most obvious signal that the chances of returning to a war are potentially going to be imminent if proper peace talks do not take place,” Japaridze said.

Russia’s role in the crisis

For decades, Armenia has relied on Russia as a security guarantor. However, authorities have grown increasingly frustrated with what it sees as a lack of willingness from the Kremlin to support the country.

Russia, alongside Armenia, is a member of the Collective Security Treaty Organization. Formed in 2002, the Moscow-led security bloc is an intergovernmental military alliance composed of six post-Soviet states. Like NATO, the CSTO is based on the principle of collective defense, meaning that an attack on one member is recognized as an attack on all members.

Armenia’s prime minister suggested earlier in the year that Yerevan was considering withdrawing from the CSTO due to a lack of support from Russia. More recently, Pashinyan admitted that it had been a strategic mistake to depend solely on the Kremlin to guarantee the country’s security.

“Russia is Azerbaijan’s partner in this situation. Their main interest is to gain access to regional logistics, which will be unblocked after Karabakh returns to Azerbaijan,” Iliya Kusa, an international relations analyst at the Ukrainian Institute for the Future think tank, told CNBC via email.

Kusa said he believes Moscow also expects that the loss of Nagorno-Karabakh to Azerbaijan will trigger political turmoil in Armenia, potentially leading to Pashynian’s departure from office.

“Moscow is interested in replacing him with any other loyal figure from the opposition camp, which would further consolidate Russia’s control over Yerevan, which had been weakened in recent years by Pashynian’s attempts to reach out to the West and by the war in Ukraine,” they added.

The Russian Embassy in London did not immediately respond to a request for comment.

The Kremlin has rejected any suggestion that Moscow had not done enough to prevent fighting in Nagorno-Karabakh and says it is in close contact with Azerbaijan, Armenia and ethnic Armenians in the disputed territory.

What next?

The Institute for the Study of War, a U.S. think tank, said Russia’s role as a security guarantor for Armenia may be declining as the Kremlin continued to prioritize its full-scale invasion in Ukraine and as authorities in Yerevan increasingly expressed their dissatisfaction with Moscow.

The ISW said Wednesday that Russian military bloggers also appeared to lament Moscow’s waning influence in Armenia.

Eurasia Group’s Japaridze said the outcome of peace talks between Azerbaijan and the Nagorno-Karabakh authorities was likely to determine what happens next.

“It will be very interesting to see what happens internally in Armenia, politically speaking, with the Pashinyan leadership and whether or not he survives this. And then the other thing I would watch is to what extent will the West be able to intervene.”

Referring to the options available to the U.S. and European Union, Japaridze said there did not appear to be much that they could do, aside from calls for an immediate de-escalation and publicly condemning military action.

The prospect of sanctions against Azerbaijan should be seen as “very unlikely,” she added.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

RSS Feed Generator, Create RSS feeds from URL

News October 25, 2024

X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

News November 30, 2023

67-year-old who left the U.S. for Mexico: I’m happily retired—but I ‘really regret’ doing these 3 things in my 20s

News November 30, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

News November 29, 2023

Americans are ‘doom spending’ — here’s why that’s a problem

News November 29, 2023

Jim Cramer’s top 10 things to watch in the stock market Tuesday

News November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

December 21, 20250 Views

5 Battle-Tested Strategies to Win Over Skeptical Customers

December 21, 20250 Views

How Businesses Should Rethink Video Strategy for 2026

December 21, 20250 Views

Manage Your Entire Company From One White-Label Platform for $280

December 21, 20250 Views
Don't Miss

I Spent $160,000 of My Family’s Savings to Bootstrap a Startup — Here’s What No One Tells You About Fundin

By News RoomDecember 20, 2025

Entrepreneur Key Takeaways I share what I learned from starting and growing a startup without…

Here’s How I Make $1,000 a Month Selling Thrift Store Finds Online

December 20, 2025

These 4 Banks Are Still Offering Close to 5% (But Not for Long)

December 20, 2025

AI financial advisors are coming and they may outperform the humans guarding your money

December 20, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Finding the Right Deferred Sales Trust Company

December 21, 2025

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

December 21, 2025

5 Battle-Tested Strategies to Win Over Skeptical Customers

December 21, 2025
Most Popular

Car Insurers Are Charging Single and Divorced People More. Is This Fair? Here’s What to Do Either Way.

December 19, 20255 Views

Here’s How I Make $1,000 a Month Selling Thrift Store Finds Online

December 20, 20253 Views

AI financial advisors are coming and they may outperform the humans guarding your money

December 20, 20253 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 iSafeSpend. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.