By Stephen Blank

October 10th, 2016, The CACI Analyst

There are several signs of a possible turn for the better in the energy prospects of Caspian states, and especially Azerbaijan. The collapse of energy prices appears to have bottomed out. Even prices stagnating at US$ 40-60 a barrel gives energy producers a certain margin to cushion the shocks they will endure. A major aspect of the Caspian states’ comparative advantage is their proximity to Turkey and Southeastern Europe. As European growth recovers, the demand for energy coming through those states will likely grow. Ukraine’s growing freedom from Russian energy coercion will also stimulate it to look for alternatives and new opportunities for Caspian producers. Yet the perhaps most encouraging sign is the construction of new capacities to tie together and eventually integrate the European market. 

By Natalia Konarzewska

September 15th, 2016, The CACI Analyst

Despite the Black Sea’s geopolitical importance, NATO has neglected Russia’s enhancement of its military capabilities there to unprecedented levels over the past few years. Russia’s new military buildup in the Black Sea will allow it to project power into adjacent regions, and to compromise NATO’s operational ability to protect its Black Sea riparian member states. The latest NATO summit in Warsaw on July 8-9 addressed this issue and called for the deployment of new deterrence and defense measures in the region.

By Erik Davtyan

April 6th, the CACI Analyst

On March 14, Armenia’s President Serzh Sargsyan visited Athens on the official invitation of Greek President Prokopis Pavlopoulos. For 24 years, Armenia and Greece have enjoyed a high level of interstate relations manifested in mutual visits at the highest level.