Alex Gabuev is joined by Tom de Waal, a senior fellow at Carnegie Europe, and Anna Ohanyan, a nonresident senior scholar at Carnegie’s Russia and Eurasia program, to discuss developments in and around the contested region of Nagorno-Karabakh. As the long-running conflict between Armenia and Azerbaijan over Nagorno-Karabakh appears to be inching toward a resolution, is the new political reality accepted in Armenia? What does Azeri President Ilham Aliyev hope to achieve? How will the failure of Russian peacekeepers to intervene in recent developments affect the relationship between Moscow and Yerevan? Is the rivalry between competing Western and Russian resolution tracks an asset or a hindrance? And how will an eventual resolution impact on the political systems of Armenia and Azerbaijan?