Yerevan is forcing a takeover of Electric Networks of Armenia, the country's main power grid operator, from detained Russian-Armenian billionaire Samvel Karapetyan; Russia has protested and Karapetyan's firm launched international arbitration claiming hundreds of millions in damages
A 35-year dispute over Nagorno-Karabakh that ended in Azerbaijan's 2023 military takeover, now in a stalled US-brokered peace process as of mid-2026.
A 99-year US development lease over the Zangezur strip moves from framework to implementation, rewiring South Caucasus transit and alarming Tehran and Moscow
Civil Contract takes ~50% on June 7, enough to govern but not the two-thirds for the constitutional referendum Baku and Ankara demand before signing
DPSUs tripled exports year-on-year; BrahMos led the platform sales; Armenia absorbed Pinaka, Akash-1S and howitzers; US and France anchor the components tier; Rs 50,000 crore target by 2029