EU Special Representative for the South Caucasus Peter Semneby thinks that the Saint Petersburg meeting of Robert Kocharian and Ilham Aliyev produced no effect. However, he said he doesn't lose hope for a positive outcome of the Karabakh process. "I regret that the Presidents did not achieve a result but I do believe that the talks will be continued soon. Timeout is essential for analyzing the situation. Both states are facing elections. Nevertheless, ideal period for the conflict resolution is limited," he resumed, Day.az reports.