The Syunik rhombus-like structure in the Khanarassar active dextral fault zone of Armenia is a typical pull-apart basin, formed between terminal parts of two adjacent en echelon fault segments. Some component of subsidence associated with the faults of the structure is found between the en echelon segments; nevertheless, the dextral component continues to be predominant even on the boundaries of the pull-apart basin. The late Pleistocene and Holocene lava volcanoes of the basin are also associated with those faults that have a component of extension. The relative ages of fault displacements and volcanic eruptions have been identified by the mutual correlation of lavas, moraines and topographic features and by archaeological and radiocarbon dating. According to the interpretation of rupturing and volcanism, major earthquakes and volcanic eruptions appear inter-related and three pulses of such activity during the earlier and middle Holocene have been identified.