Azerbaijani press: Azerbaijan’s AzerGold prospecting precious metals in liberated Kalbajar


BAKU, Azerbaijan, Feb. 7

By Nazrin Israfilova – Trend:

Azerbaijan’s AzerGold CJSC started prospecting work in Kalbajar district [liberated from Armenian occupation as a result of the 2020 Second Karabakh War] in the autumn of 2021, the CJSC’s Board Chairman Zakir Ibrahimov said, Trend reports.

Ibrahimov made the remark at a press conference on the results of last year and the upcoming tasks of the company.

According to him, the prospecting work launched within the study of non-ferrous metal deposits in the liberated territories covers the Tutkhun field in the basin of the river of the same name in the southeast of Kalbajar district.

He also noted that for the purpose of a phased search for precious metals in the territory of the Tutkhun group of fields and its flanks (Orujlu, Bashlibel, Khanlanli, Asrik and other areas) with a total area of about 300 square kilometers, appropriate procedures were carried out. Research work is underway as part of the geological exploration program.

At the same time, relevant work is being carried out to obtain hyperspectral images from satellites, process them, and conduct remote (non-invasive) studies meeting modern standards.

The company’s head added that the relevant departments are taking the necessary steps to completely clear the territory of the Tutkhun group of deposits and its flanks from mines and unexploded ordnances for geological exploration.

The Patriarch of the Armenians in Turkey visited Ecumenical Patriarch in Phanar

Feb 9 2022

The Armenian Patriarch also expressed his wishes to the Ecumenical Patriarch for the new Year, as until today this has not been possible, since the Ecumenical Patriarch and the Armenian Patriarch, fell ill with the COVID-19.

In the afternoon of the same day, the Ecumenical Patriarch received the young men and women of Greek Diaspora attending higher education, to whom he awarded scholarships to enhance their studies, as well as His paternal wishes and His Patriarchal blessing for a fruitful academic career.

The short ceremony was attended by the Metropolitans Athenagoras of Kydonia, Hierarchical Head of the Bosporus Region and Forty Churches Andreas, Hierarchically Head of the Large Community of Stavrodromi George Papaliaris, President of the Association for the Support of Greek Community Foundations, with members of the Board and other Community members.

Central Bank of Armenia: exchange rates and prices of precious metals – 09-02-22

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 17:23, 9 February, 2022

YEREVAN, 9 FEBUARY, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 9 February, USD exchange rate down by 1.18 drams to 479.11 drams. EUR exchange rate down by 0.34 drams to 547.43 drams. Russian Ruble exchange rate up by 0.04 drams to 6.41 drams. GBP exchange rate down by 0.54 drams to 650.20 drams.

The Central Bank has set the following prices for precious metals.

Gold price up by 70.60 drams to 28074.86 drams. Silver price down by 0.87 drams to 352.13 drams. Platinum price up by 177.14 drams to 15850.45 drams

Political analyst: Pipeline to link Persian Gulf and Black Sea to run through Armenia

panorama.am
Armenia – Feb 7 2022

POLITICS 14:02 07/02/2022 ARMENIA

The pipeline to connect the Persian Gulf to the Black Sea is to run through Armenia, political analyst Hrant Melik-Shahnazaryan says.

"Iran has made a final decision not to use the territory of Nakhichevan for the establishment of the Persian Gulf-Black Sea corridor; the pipeline will pass through the territory of Armenia,” he wrote on Facebook on Monday.

The analyst says negotiations on the project will continue in Bulgaria soon. The states that are part of the energy corridor –  Iran, Armenia, Georgia, Bulgaria and Greece – are expected to sign a relevant agreement.

“Thus, the Iranian side recognizes Syunik as a region of strategic importance for itself in deed, and not only in word. It is also known that an Iranian consulate will soon open in Kapan,” Melik-Shahnazaryan stated.

“Naturally, this is good news. Armenia will finally break through the communication blockade and Turkey's presence in Artsakh will, in a sense, be compensated by Iran's presence in Syunik.

“However, these geopolitical and geo-economic reshuffling also poses a serious problem for us. In particular, Armenia's opportunity to make decisions on issues of vital importance to it is practically nullified.

“This is not the only problem. What is also important is that Armenia is left empty-handed in this regional reshuffling. Or rather, we are being offered only crumbs. Meanwhile, we can at least raise the issue of [Azerbaijani-occupied Artsakh towns] Hadrut and Shushi.

“I realize that Armenia is the defeated side in the war, but I also know the reasons for that. Incidentally, Moscow, Baku, Tehran and all other capitals know it as well. Accordingly, the issue of Hadrut and Shushi and, in case of a good job, also Karvachar’s issue are still relevant. Unless, of course, the traitorous authorities sell them for dividends expected in exchange for gas transit and other similar projects,” the analyst said.

UN Security Council convenes meeting to discuss Ukraine crisis

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 20:10,

YEREVAN, JANUARY 31, ARMENPRESS. The United Nations Security Council convened a meeting today to discuss the current situation around Ukraine, TASS reports.

The United States has asked the UN for holding a meeting over the Ukrainian crisis, which was approved by the Security Council in a voting. 10 countries voted in favor of, only Russia and China voted against. 3 countries abstained. A minimum of nine votes were needed to proceed with a meeting.

Turkish press: Eric Zemmour: Reconquista and French inquisition

A photograph shows a ripped campaign poster depicting Eric Zemmour, in Toulouse, southern France, Jan. 20, 2022. (AFP Photo)

With presidential and legislative elections approaching fast, France is facing substantial and unprecedented changes at home. The right-wing discourse whose roots were strengthened during Nicolas Sarkozy’s presidency between 2007 and 2012, has gained popularity in the country. Back then, Sarkozy brought up the question of the French “national identity” with reference to “immigration.” He even created the Ministry of Immigration, Integration, National Identity and Codevelopment, which was abolished in 2010. Ever since, the discourse of French right-wing politicians, media and extremists alike has become entangled in questions regarding national identity and immigration.

However, the left bloc is still trapped in the post-April 2002 moment due to the Jean-Marie Le Pen factor. Le Pen, who served as the chairperson of the National Rally (RN) from 1972 to 2011, imploded France’s fifth Republic political establishment. In 2002, he eliminated the Socialist Party (PS) candidate and former Prime Minister Lionel Jospin and faced incumbent President Jacques Chirac in a run-off. Two decades later, the Le Pen dynasty has become the de facto politically-visible family in France as their xenophobic message continues to resonate in the bourgeois milieu in both the largest cities and rural towns. To some extent, Sarkozy did rehabilitate the national identity narrative, using it as an electoral tactic to “contain” Le Pen, who has led the RN since 2001, in the 2007 presidential election. As result, Le Pen came out strongly in the 2007 elections. In 2017, she made it to the finale like her father did in 2002 and faced current President Emmanuel Macron in a run-off.

The right and far-right parties in France have been radicalizing the entire theme of national identity and immigration. They have been ridiculing the integration progress implemented by the successive socialist governments in the 1980s and mid-1990s for millions of immigrants, particularly with regards to Arabs and Muslims. Now, there is Eric Zemmour, the controversial journalist who leads the Reconquete! (Reconquer!) party, as the rising star of the xenophobic circus in France. Zemmour is known for his anti-Muslim and anti-immigrant rhetoric and is set to run for the next elections. Zemmour wants to reconquer what he calls vehemently “France’s Christian values.” This is why he preferred to choose a name for his party that rhymes with “Reconquista,” a term used to define the centurieslong Christian efforts to eliminate the existence of Muslims during the Al-Andalus period in the Iberian Peninsula.

Zemmour’s discourse confirms the political situation of Islamophobic discourse in the French right. Such that, in Macron’s cabinet, there are super hawkish, anti-Muslim voices such as the interior and education ministers. The arrogant conventional media is using Zemmour's character in order to remove the sociological and cultural context of the complex issues of immigration and religion. However, the critical issue must be tackled with a wise public policy and not fall victim to the pointless and senseless political debates of ignorant politicians.

Zemmour’s popularity in the right and far-right circles is a reflection of the failed immigration policy of Macron and his predecessors. In particular, amid the Benalla affair, the Yellow Vest protests and the poor management of the COVID-19 crisis, the French leader implemented surprisingly radical changes in policies relating to immigration and Islam. Today, like his opponents on the far-right front, he is willing to domesticate French Muslims in the name of the French Republic's sacrosanct laicite principles.

Zemmour, on the other hand, stands firmly against his far-right rival Le Pen. He was convicted for inciting racial hatred. He is an open proponent of the great replacement conspiracy theory. His political models are inspired by Napoleon Bonaparte and Gen. Charles De Gaulle. He is a sworn enemy of the RN extremists. He made provocative historical comments on several issues including Vichy France, the common name of the French state headed by Marshal Philippe Petain during World War II, who collaborated with the Nazis during the German occupation of France in 1940 and 1944. “The regime protected French Jews,” he said.

It may sound interesting that Zemmour himself is a son of Jewish parents born in Algeria during the period of French colonization. There are questions over how far he would go to continue his provocation against his fellow French Jews. Yet, the question of national identity in politics that the French right and far-right parties are using in the ongoing debates has been questioning the very basis of France's “universalism” values.

The conservative parties, like the far-right ones, are buying deliberately into Zemmour’s dystopian discourse that Muslims in France are the main cause of suburban insecurity and that they hold anti-France, anti-Christian and anti-Jewish sentiments. For example, Valerie Pecresse, who is the chairperson of the Soyons Libres (SL) and the Republican candidate for the next elections, in lieu of combating Zemmour’s foolish message, is legitimizing his anti-Muslims and anti-immigration message on TV and radio shows. Do the first round’s presidential campaign imperatives impose this? The question will be answered on the night of April 10, 2022.

Zemmour’s sheer audacity has helped to legitimize far-right discourse among the public. His discourse that is full of hatred is becoming increasingly politically acceptable and his views in mainstream media are commonly becoming catchy headlines and punchlines.

In his first visit abroad as a declared presidential candidate, Zemmour visited Armenia, which he sees as a Christian nation in the middle of “an Islamic ocean.” He was accompanied by a Christian zealot and influential politician, Philippe de Villiers, who is the brother of Gen. Pierre de Villiers, Macron's former military chief-of-staff, a darling general of the Yellow Vests fringe and a nostalgic of French-Algeria and Le Pen’s deceived voters. Zemmour visited the monastery of Khor Virap, located near the Turkish border. He described the location as a historical clash between Christianity and Islam. “It is the great confrontation between Christianity and Islam, which is reborn today,” he said.

France is home to a sizeable Armenian diaspora, which represents a serious political and finance lobby in France and an important Christian electorate bloc alike. They vote conventionally for the right party of the Republicans (LR). Thus, the devoted French Christian voters show empathy to their coreligionist Eastern Christians.

Armenia is becoming the Mecca of the French right and far-right candidates. A few days after the visit, Pecresse made a pilgrimage journey to Armenia as well. This symbolic visit is a political campaign gesture as she is charming her right-wing practicing Catholic voters and seducing the Parisian bourgeois families and elite.

Currently, according to polls, Zemmour is far behind Macron, Pecresse and Le Pen. Will he end up making an electoral impact in the next two crucial elections? His label is already being set. The right and far-right’s campaign strategies (nationally and regionally stereotyping and scapegoating Muslims) already shape France’s politics.

Like former United States President Donald Trump, Zemmour has exploited the media to win over anti-Muslim and anti-immigrant voters who support his program. However, what he has done so far is to send France back to its shameful moments, where even rejectionists and racists don’t see themselves. The 63-year-old controversial candidate has created a “Trumpization” of the political process that is in progress in France because of his hostile rhetoric on disabled people, Islam and immigration. In one word: it is the modern inquisition.With presidential and legislative elections approaching fast, France is facing substantial and unprecedented changes at home. The right-wing discourse whose roots were strengthened during Nicolas Sarkozy’s presidency between 2007 and 2012, has gained popularity in the country. Back then, Sarkozy brought up the question of the French “national identity” with reference to “immigration.” He even created the Ministry of Immigration, Integration, National Identity and Codevelopment, which was abolished in 2010. Ever since, the discourse of French right-wing politicians, media and extremists alike has become entangled in questions regarding national identity and immigration.

However, the left bloc is still trapped in the post-April 2002 moment due to the Jean-Marie Le Pen factor. Le Pen, who served as the chairperson of the National Rally (RN) from 1972 to 2011, imploded France’s fifth Republic political establishment. In 2002, he eliminated the Socialist Party (PS) candidate and former Prime Minister Lionel Jospin and faced incumbent President Jacques Chirac in a run-off. Two decades later, the Le Pen dynasty has become the de facto politically-visible family in France as their xenophobic message continues to resonate in the bourgeois milieu in both the largest cities and rural towns. To some extent, Sarkozy did rehabilitate the national identity narrative, using it as an electoral tactic to “contain” Le Pen, who has led the RN since 2001, in the 2007 presidential election. As result, Le Pen came out strongly in the 2007 elections. In 2017, she made it to the finale like her father did in 2002 and faced current President Emmanuel Macron in a run-off.

The right and far-right parties in France have been radicalizing the entire theme of national identity and immigration. They have been ridiculing the integration progress implemented by the successive socialist governments in the 1980s and mid-1990s for millions of immigrants, particularly with regards to Arabs and Muslims. Now, there is Eric Zemmour, the controversial journalist who leads the Reconquete! (Reconquer!) party, as the rising star of the xenophobic circus in France. Zemmour is known for his anti-Muslim and anti-immigrant rhetoric and is set to run for the next elections. Zemmour wants to reconquer what he calls vehemently “France’s Christian values.” This is why he preferred to choose a name for his party that rhymes with “Reconquista,” a term used to define the centurieslong Christian efforts to eliminate the existence of Muslims during the Al-Andalus period in the Iberian Peninsula.

Zemmour’s discourse confirms the political situation of Islamophobic discourse in the French right. Such that, in Macron’s cabinet, there are super hawkish, anti-Muslim voices such as the interior and education ministers. The arrogant conventional media is using Zemmour's character in order to remove the sociological and cultural context of the complex issues of immigration and religion. However, the critical issue must be tackled with a wise public policy and not fall victim to the pointless and senseless political debates of ignorant politicians.

Zemmour’s popularity in the right and far-right circles is a reflection of the failed immigration policy of Macron and his predecessors. In particular, amid the Benalla affair, the Yellow Vest protests and the poor management of the COVID-19 crisis, the French leader implemented surprisingly radical changes in policies relating to immigration and Islam. Today, like his opponents on the far-right front, he is willing to domesticate French Muslims in the name of the French Republic's sacrosanct laicite principles.

Zemmour, on the other hand, stands firmly against his far-right rival Le Pen. He was convicted for inciting racial hatred. He is an open proponent of the great replacement conspiracy theory. His political models are inspired by Napoleon Bonaparte and Gen. Charles De Gaulle. He is a sworn enemy of the RN extremists. He made provocative historical comments on several issues including Vichy France, the common name of the French state headed by Marshal Philippe Petain during World War II, who collaborated with the Nazis during the German occupation of France in 1940 and 1944. “The regime protected French Jews,” he said.

It may sound interesting that Zemmour himself is a son of Jewish parents born in Algeria during the period of French colonization. There are questions over how far he would go to continue his provocation against his fellow French Jews. Yet, the question of national identity in politics that the French right and far-right parties are using in the ongoing debates has been questioning the very basis of France's “universalism” values.

The conservative parties, like the far-right ones, are buying deliberately into Zemmour’s dystopian discourse that Muslims in France are the main cause of suburban insecurity and that they hold anti-France, anti-Christian and anti-Jewish sentiments. For example, Valerie Pecresse, who is the chairperson of the Soyons Libres (SL) and the Republican candidate for the next elections, in lieu of combating Zemmour’s foolish message, is legitimizing his anti-Muslims and anti-immigration message on TV and radio shows. Do the first round’s presidential campaign imperatives impose this? The question will be answered on the night of April 10, 2022.

Zemmour’s sheer audacity has helped to legitimize far-right discourse among the public. His discourse that is full of hatred is becoming increasingly politically acceptable and his views in mainstream media are commonly becoming catchy headlines and punchlines.

In his first visit abroad as a declared presidential candidate, Zemmour visited Armenia, which he sees as a Christian nation in the middle of “an Islamic ocean.” He was accompanied by a Christian zealot and influential politician, Philippe de Villiers, who is the brother of Gen. Pierre de Villiers, Macron's former military chief-of-staff, a darling general of the Yellow Vests fringe and a nostalgic of French-Algeria and Le Pen’s deceived voters. Zemmour visited the monastery of Khor Virap, located near the Turkish border. He described the location as a historical clash between Christianity and Islam. “It is the great confrontation between Christianity and Islam, which is reborn today,” he said.

France is home to a sizeable Armenian diaspora, which represents a serious political and finance lobby in France and an important Christian electorate bloc alike. They vote conventionally for the right party of the Republicans (LR). Thus, the devoted French Christian voters show empathy to their coreligionist Eastern Christians.

Armenia is becoming the Mecca of the French right and far-right candidates. A few days after the visit, Pecresse made a pilgrimage journey to Armenia as well. This symbolic visit is a political campaign gesture as she is charming her right-wing practicing Catholic voters and seducing the Parisian bourgeois families and elite.

Currently, according to polls, Zemmour is far behind Macron, Pecresse and Le Pen. Will he end up making an electoral impact in the next two crucial elections? His label is already being set. The right and far-right’s campaign strategies (nationally and regionally stereotyping and scapegoating Muslims) already shape France’s politics.

Like former United States President Donald Trump, Zemmour has exploited the media to win over anti-Muslim and anti-immigrant voters who support his program. However, what he has done so far is to send France back to its shameful moments, where even rejectionists and racists don’t see themselves. The 63-year-old controversial candidate has created a “Trumpization” of the political process that is in progress in France because of his hostile rhetoric on disabled people, Islam and immigration. In one word: it is the modern inquisition.

ABOUT THE AUTHOR
North Africa expert at the Center for Middle Eastern Strategic Studies (ORSAM)

EU works actively to quickly solve current crisis relating to Armenian POWs

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 11:46, 21 January, 2022

YEREVAN, JANUARY 21, ARMENPRESS. Secretary of the Security Council of Armenia Armen Grigoryan met today with the delegation consisting of representatives of the European Council’s presidency and the European Union, his Office reports.

The delegation included EU’s Special Representative for the South Caucasus and the crisis in Georgia Toivo Klaar, Head of the EU Delegation to Armenia Andrea Wiktorin, French Ambassador to Armenia Anne Louyot, Advisor for Continental Europe and Turkey at the Office of the French President Isabelle Dumont and others.

The sides praised the Armenia-EU active cooperation during their conversation. The Secretary of the Security Council highlighted Armenia’s readiness to continue the partnership with the European Union in the processes of preserving Armenia’s democratization and the region’s security.

At the meeting the sides also touched upon the current situation around the Armenian-Azerbaijani border. In this context the quick launch of the border delimitation and demarcation process and the creation of a respective environment for that were emphasized.

Isabelle Dumont and Toivo Klaar touched upon the humanitarian problems and stated that the EU is working actively to quickly solve the crisis around the prisoners of war.

Decommissioned Power Plant in Armenia to Host Crypto Mining Farms

CFX Magazine
Jan 23 2022

Armenia will invite cryptocurrency miners in order to set up their hardware at an outdated thermal power station. TPP will be retired and it is planned that the government rents it to mining companies as well as other industrial businesses.

Hrazdan TPP equipment was deemed inefficient and obsolete. It produces high-priced electricity. Armenian authorities have taken the decision to close down the plant. Other, more profitable companies will have access to its premises and infrastructure (including power lines and pipelines).

Sputnik Armenia reports that the plan to lease out the former thermal station was approved by the Commission for Regulation of Public Services at its Wednesday meeting. According to Sputnik Armenia, a company that makes refrigeration units had already made arrangements for the transfer of some production to the TPP.

A free economic zone, Ecos, has been created in another area of the plant and it is currently open. This area will allow crypto farmers to be established by entities involved in digital currency extraction. In 2018, Armenia passed a law that legalizes crypto mining.

The mining sites will still have enough electricity even after the Hrazdan TPP has been decommissioned. Gazprom, a Russian company, built a new thermal power station with four power-generating units called Hrazdan-5. In November 2021, another TPP was completed by the Italian company Renco and Germany’s Siemens.

Armenia now boasts three new thermal power stations thanks to its state-run Yerevan TPP. According to the report, the electricity generated by these stations is much more costly than that produced by the Armenian hydroelectric power plant and the Armenian nuclear power station west.

The tiny nation of Caucasus, however, exports approximately 75% to Iran. Iran supplies Armenia with low-cost natural gas that is used for power generation. After the 2023 construction of the new transmission line connecting Armenia to the Islamic Republic, this cooperation will grow.

Iran has recognized cryptocurrency mining in 2019 as legal industry activity. The sector’s energy needs have also increased and both licensed and illegal miners were blamed for the country’s growing power deficit last year.

After rising demand, insufficient electricity supply and extremely hot weather caused by droughts and other extreme conditions, Hassan Rouhani declared a temporary ban against crypto mining. Tehran lifted restrictions on September as power consumption declined with cooler weather, but they were reintroduced in December to avoid blackouts in winter.

This story contains tags
Armenia, Armenian, Crypto, cryptocurrency farms, crypto miners,, crypto mining, Cryptocurrencies, Currency, decommissioned, Demand, Electricity, Energy, Hrazdan TPP, Iran, Mineers, mining, mine farms, power, supply, thermal power plants, TPP

What do you think Armenia’s plans are to provide favorable conditions for cryptocurrency mining? Please share your thoughts in the comment section.

Lubomir Tassav

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Everybody gets something out of talks between Ankara and Yerevan

Jan 21 2022
by Marta Ottaviani

The first round of talks took place in Moscow, and a second will probably be held in Turkey. Peace would help Armenia break the economic isolation that made it the poorest former Soviet republic in the Caucasus. Erdogan needs a success to counter the collapse of the Turkish lira. The Kremlin would boost its diplomatic standing. The Armenian Genocide remains the main stumbling block.

Milan (AsiaNews) – Will Turkey and Armenia make peace? This could be the right time. If the thorniest obstacles were removed, everyone could get something. 

The first round of negotiations that took place in Moscow in mid-January could soon be followed by a second, this despite controversies and difficulties surrounding the process, especially in Ankara, which would have preferred a diplomatic solution with Yerevan without Moscow.

The Kremlin is directly involved and is not going to miss a golden opportunity to boost its international standing and diplomatic footprint in the Caucasus.

Diplomatic relations between Armenia and Turkey were frozen in 1993, when Ankara closed its border following the war between Armenia and Azerbaijan over Nagorno-Karabakh, a region with an Armenian majority, but in Azerbaijani territory. 

Tensions have flared up periodically over the years. In 2020 Turkish support for Azerbaijan in its conflict with Armenia proved decisive for Azerbaijani victory. However, since then, the Caucasus has become even more unstable.

Although Moscow risks losing its inherent pre-eminence, it is aware at this time, for different reasons, that a successful mediation would be convenient for everyone.

Armenia would gain by breaking the economic and trade isolation that has made it the poorest former Soviet republic in the South Caucasus.

Turkey would be internationally rehabilitated and could gain interesting opportunities, especially in infrastructure, in a country that is still backward in many respects. 

One issue remains, namely the recognition of the Armenian Genocide of 1915 by the Ottoman Empire with at least one million deaths, which Turkey refuses to acknowledge, perhaps above all, for economic reasons.

On paper, Moscow would gain the most. In fact, in the Russian capital, the talk is all about victory.  The Kremlin would see its diplomatic standing greatly increased and achieve a hegemonic position in the trade routes that will automatically open in the region.

For Ankara, this is not an appealing prospect. Nonetheless, Turkey sent to Moscow a high-profile diplomat, Serdar Kiliç, a former ambassador to the United States and a trusted man of Foreign Minister Mevlut Cavusoglu.

This is a sign that the Turkish government believes in the possibility of a positive outcome and that it is ready to invest as much as necessary in achieving it. Within government circles though, the role played by Moscow is still hard to swallow, and the preference is for bilateral talks.

While the inaugural meeting of these negotiations was held in the Russian capital, the next will be in one of the two countries, preferably Turkey, where President Erdogan needs a boost after facing declining support as a result of the devaluation of the Turkish lira.

This seems all right on paper; however, some believe that Moscow’s mediation could backfire. 

Ali Askerov, associate professor and head of the Department of Conflict Studies at the University of North Carolina-Greensboro, believes that mediation between Turkey and Armenia is possible, but the two sides could follow their own path, far from Moscow's control, thus taking a different turn from the one the Kremlin has in mind.

“In terms of real politik,” Prof Askerov told AsiaNews, “If Turkey and Armenia find a compromise from which both sides can gain in a more or less balanced way, Russia could eventually lose the most. It will be able to develop new synergies, but without dominating the process of normalisation [of relations] and the opportunities that follow from it.”

In short, Moscow is probably overplaying its cards. Tensions have marred its relationship with Turkey, an ally of convenience, and new stresses cannot be excluded; it all depends on how the situation evolves in the Caucasus.

President Armen Sarkissian meets with Executive Director of “Mubadala” investment company

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 19:07,

YEREVAN, 17 JANUARY, ARMENPRESS. President of Armenia Armen Sarkissian today met with the Executive Director of “Mubadala” investment company Khaldoon Khalifa al Mubarak during his working visit to the UAE, ARMENPRESS was informed from the Office of the President of Armenia.

Mubadala Investment Company is a large investment company which manages a diverse profile of assets and investments in the UAE and abroad. The company mainly carries out activities and makes investments in fields of high technology, telecommunication, energy, healthcare, real estate, infrastructure, education, science and is present in more than 50 countries of the world. The volume of the assets managed by “Mubadala” is estimated 243 billion US Dollars, the head office is in Abu Dabi. “Mubadala” has offices also in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.

President Sarkissian once again expressed his gratitude to Masdar, a subsidiary of Mubadala Investment Company, for its readiness to implement energy projects of a total of 400 MW in the field of renewable energy in Armenia. The President highly appreciated the efficient cooperation of “Masdar” company and the Armenian National Interests Fund around the “Ayg-1” programme.

The possibilities of making large investments in alternative energy as well as in other fields were discussed. President Sarkissian mentioned that Armenia is interested in the possible presence of UAE companies also in other fields of our economy and is ready for long-terms cooperation.