Russian President Vladimir Putin's statement made in the course of negotiations with the Turkish Prime-Minister may rightly be called sensational The Russian leader promised Rejeb Erdoghan to establish direct economic relations with the self-proclaimed Turkish Republic of Northern Cyprus. Putin's message is viewed in Ankara as nearly an indirect recognition of the sovereignty of the self-proclaimed state formation. Be that as it may, it is quite obvious that the recent events around Northern Cyprus develop in favor of Armenia that takes advantage of appropriate parallels between Cyprus and Karabakh.