"We think that fair resolution of the Nagorno Karabakh conflict is respect for the will of the people living on that territory. That is why it would be reasonable for Azerbaijan to recognize Karabakh as independent state or as a part of Armenia, like it was after the revolution when Narimanov acknowledged the right of Karabakhi people to self-determination," said Ara Abrahamyan, President of the Union of Armenians of Russia.

"Alas, quite a different opinion on the issue prevails in Baku at present. As to comparison of economic potential of the two republics, Azerbaijan threatens to use its resources to resolve the problem by use of force. We understand that Azerbaijan has oil and gas but Armenia has always been remarkable for technological potential and diligence," he said.

"I think that present-day economy is the economy of knowledge and high technologies. The blockade has urged Armenia on rapid development. This republic will create a structure meeting the requirements of highly developed states like Japan, which had to compensate lack of oil, gas, metal and gold by achievements in science," Mr Abrahamyan resumed, Day.az reports.