Azerbaijan’s fuel exports give Armenia taste of peace dividend

Armenia’s Economy Minister Gevorg Papoyan’s recent statement to journalists vividly demonstrates the net benefits that freeing societies from the economic burden of regional conflicts and establishing trade relations in conditions of peace can bring. According to the minister, as a result of the start of fuel imports from Azerbaijan to Armenia, fuel prices in the country have been kept at a level below the sharp pace of increases in global markets. In economic terms, Azerbaijan has prevented a supply-side inflation shock in Armenia through its energy resources.