Turkey's Caucasus Stability and Cooperation Pact is not realistic, since it's supposed to be represented by two regional powers - Russia and Turkey, said research director of the Stockholm Central Asia-Caucasus Institute.

"Advancing such an initiative, Turkey proceeds from its own interests. May be the initiative has big potential for normalization of the Armenian-Turkish relations but globally it doesn't have any future," Svante Cornell told a PanARMENIAN.Net reporter.

Following hostilities in South Ossetia, Ankara offered formation of a Caucasus Stability and Cooperation Platform, which could unite Turkey, Russia, Azerbaijan and Armenia.

RA President Serzh Sarsgyan welcomed the initiative as an attempt to create a favorable atmosphere in the region.