Armenia’s Security Council Secretary Armen Grigoryan says progress in talks with Azerbaijan is helping the country manage economic and security pressures as regional conflicts and alliances shift.
Speaking at the Delphi Economic Forum in Greece on Wednesday (22 April), he pointed to recent diplomatic steps, including a draft peace agreement and the Washington Declaration, aimed at normalising relations after years of tension between the neighbours.
Armenia and Azerbaijan have fought intermittently since the late Soviet period, including wars over Nagorno-Garabagh. In recent years, both sides have moved towards a formal peace framework, backed by international mediation.
"Yerevan has come close to signing a peace agreement with Baku. The Washington Peace Declaration signed with Azerbaijan brought real peace to our region. It also increased our ability to deal with the difficulties created by regional conflicts that affect us negatively," Grigoryan said.
Grigoryan said Armenia’s energy market has remained relatively stable despite volatility in global prices.
Fuel costs rose earlier this year but have broadly returned to end-of-last-year levels, he said.
He said the stability was partly due to growing economic cooperation with Azerbaijan, including fuel imports that have supported domestic supply.
Armenia has limited domestic energy resources and has traditionally relied on Russia and Iran for gas, oil products and electricity.
That dependence has left the country exposed to external shocks.
Since the start of the war in Ukraine, Russia’s energy sector has come under greater strain, including from infrastructure strikes and rising domestic demand, which have affected export capacity.
Sanctions and restrictions linked to Iran have added further uncertainty over supply routes and pricing.
Grigoryan said broader geopolitical tensions continue to shape energy markets.
He said developments in the Middle East, particularly involving Iran, have had a direct impact on global oil flows.
He highlighted disruptions such as the closure of the Strait of Hormuz, a key transit route for a large share of the world’s oil shipments.
Such disruptions can quickly affect fuel prices in smaller, import-dependent economies like Armenia.
According to Grigoryan, closer economic ties with Azerbaijan have helped ease some of these pressures.
Fuel imports linked to this cooperation have supported supply and reduced the impact of global price swings on the domestic market.
This comes as both countries explore broader economic links alongside political negotiations.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be...
The condition of cultural heritage sites in Azerbaijan's Garabagh region remains a major point of debate after decades of conflict. Despite Azerbaija...
India and the United Kingdom's Comprehensive Economic and Trade Agreement (CETA) came into force on Wednesday, cutting tariffs on thousands of product...
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
India and the United Kingdom's Comprehensive Economic and Trade Agreement (CETA) came into force on Wednesday, cutting tariffs on thousands of products and creating new opportunities for businesses, investors and professionals in both countries.
Russia and Ukraine have intensified their confrontation in the Black Sea, with renewed attacks targeting key ports and shipping routes that are vital to both countries' economies and military operations.
Italian Prime Minister Giorgia Meloni's right-wing coalition has pledged to continue pursuing its proposed electoral reform despite suffering a narrow parliamentary defeat on a key element of the legislation.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet of how the AI boom is reshaping the technology sector.
An overnight fire at a popular bar in Bangkok has killed at least 30 people and injured 70 others, making it one of the deadliest pub disasters in the Thai capital in recent years. Authorities say the venue quickly filled with thick smoke, trapping patrons inside.
The condition of cultural heritage sites in Azerbaijan's Garabagh region remains a major point of debate after decades of conflict. Despite Azerbaijan’s calls for a UNESCO assessment and post-2020 negotiations, disagreements over access, scope and the mission’s framework have prevented a review.
The four-year truce that helped stabilise Yemen appears to have collapsed after the Houthi movement fired missiles at Saudi Arabia, accusing the kingdom of bombing an airport under its control. The escalation raises fears of a wider regional conflict.
A Turkish-owned civilian merchant vessel carrying 11 Azerbaijani crew members was struck by a drone near Ukraine's Odesa coast on 14 July. Azerbaijani authorities said all crew members except the captain have been brought ashore, while search operations for the missing captain continue.
The United States will complete the withdrawal of its military forces from Iraq by 30 September, Iraqi Prime Minister Ali al-Zaidi announced during a meeting with President Donald Trump at the White House on Tuesday.
President Ilham Aliyev has approved an agreement between the governments of Azerbaijan and Georgia on the supply of natural gas to Georgia, marking another step in energy cooperation between the two neighbouring countries.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment