Borut Grgic, a senior fellow at the Washington DC based Atlantic Council and the founder of the TransCaspian Initiatives believes that, the West should pressure on Armenia with sanctions if it wants to obtain a fair adjustment of the Nagorno-Karabakh conflict.
'Until the European Union puts Armenia under sanctions which suspend its EU integration process, this country will continue to stall over its withdrawal from the conflict area that belongs to Azerbaijan', - Mr. Grgic stated in Washington DC.
According to the analyst, as an excuse Armenians say they are not sure in the ethnic Armenians security in Nagorno-Karabakh region if the troops’ withdrawal is performed. 'These are very convenient excuses' – he says, - 'which are standing in the way of peace'.
He reminds that Nagorno-Karabakh is the biggest obstacle to full regional integration and South Caucasus economic cooperation.
'Because of the conflict, the region’s European perspective remains handicapped, Russia’s regional presence is over emphasized, and the economic market remains fragmented, and as such less interesting for foreign investors'.
'On the other hand, the objective risk of conflict is high, which makes it difficult to convince European companies to invest capital into this region', says the expert.
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