🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Azeri-Armenian talks to unblock transport links making progress -Russia

Published 02/06/2023, 23:36
Updated 02/06/2023, 23:40
© Reuters. FILE PHOTO: Russia's Deputy Prime Minister Alexei Overchuk attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Maxim Shemetov

(Reuters) - Azerbaijan and Armenia have made significant progress in talks designed to unblock transport links between the two neighbours, which are at odds over the enclave of Nagorno-Karabakh, Russia said on Friday.

Moscow, Washington and the European Union are all trying separately to help ensure permanent peace between Azerbaijan and Armenia, which have fought two wars in the last 30 years.

In 2020, Azerbaijan seized control of areas controlled by ethnic Armenians in and around the mountain enclave. Since then it has periodically restricted access to the only road linking Nagorno-Karabakh with Armenia.

"Significant progress in agreeing methods to unblock transport communications between Azerbaijan and Armenia was noted with satisfaction," Russian Deputy Prime Minister Alexei Overchuk said after a 12th round of tripartite talks in Moscow.

Overchuk said in a statement the two sides had reached a common understanding on restoring a southern rail link that would connect Armenia with Azerbaijan and Iran, but did not mention the road.

© Reuters. FILE PHOTO: Russia's Deputy Prime Minister Alexei Overchuk attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Maxim Shemetov

The link would also connect Azerbaijan with Nakhchivan, an Azeri enclave separated from the rest of Azerbaijan by Armenian territory. It also borders Iran.

Russia has traditionally been the main power broker between Azerbaijan and Armenia, which lie on the southwest edge of the former Soviet Union.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.