Despite the favorable economic situation, significant risks are maintained on the corridor project in Armenia. Observers assess the likelihood of stagnation of the talks 60%, which can postpone the implementation of the project for 12-18 months. Forbes writes about this.
Despite the favorable economic situation, significant risks are maintained on the corridor project in Armenia. Observers assess the likelihood of stagnation of the talks 60%, which can postpone the implementation of the project for 12-18 months. Forbes writes about this.
"Armenia categorically denies discussing any issue on the transfer of lease or territorial control. Analysis of the Canadian Intelligence and Security Service (CSIS) estimates only 40-50%, even in case of UN guarantees, as Armenia can veto the project due to the alleged harassment against sovereignty.
The initiative is not just a project of infrastructure development, but a widespread trial of US diplomatic creativity, in the face of a multi-air world. The success of Washington's influence on the influence of competitors will be able to find solutions to real economic interests at the same time. The failure can testify to the situation of the US ability to influence the situation in the disputed regions.
For European allies, this corridor opens the path to real energy diversification. By 2030, the EU's Energy savings can reach $ 20-30 billion, which will allow the transition to zero emissions and at the same time reduce dependence on authoritarian suppliers.
The project will also check whether economic incentives can overcome historical insults. Armenia's possible access to the EU Development Funds provides powerful access to compromise, but only on the condition of proper considering the issues of sovereignty.
Until 2027, the successful implementation of the project could provide a $ 20-50 billion trading flow a year due to the expansion of the average corridor. The World Bank assesses potential cargo 11 million tons, which will radically change the Eurasian logistics. However, this benefit depends on the ability to consider Armenia's sensitive issues and maintain international support, "said the newspaper.
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