Daily Memo: Cease-fire in Nagorno-Karabakh, Turnover in Turkey

Not everyone in Armenia is on board with the truce.

Cease-fire in Nagorno-Karabakh. The leaders of Azerbaijan, Armenia and Russia have signed an agreement to end hostilities in Nagorno-Karabakh. Russia will deploy nearly 2,000 peacekeepers, 90 armored personnel carriers and 380 vehicles and pieces of special equipment at the line of contact along the Lachin corridor. Protests soon began in the Armenian capital of Yerevan after the decision. Turnover in Turkey. The value of the Turkish lira has fallen to 1.6 percent against the dollar. The news comes after the surprise resignation of Turkey’s treasury and finance minister (who happens to be President Recep Tayyip Erdogan’s son-in-law) and central bank governor. Erdogan has since appointed former deputy prime minister Lutfi Elvan as the new treasury and finance minister and former finance minister Naci Agbal as the new central bank chief. The opposition Republican People’s Party condemned what it described as acts of nepotism and warned that Turkey was in a “state crisis.” Brexit update. The U.K.’s House of Lords removed provisions in the Internal Market Bill that called for the possible modification of rules governing movement of goods and Northern Ireland protocol in the wake of Brexit. The move does not permanently eliminate these measures but can severely delay the […]

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