South Caucasus

Since the 2020 Nagorno-Karabakh War, negotiations between Armenia and Azerbaijan have gone through a series of ups and downs that often resemble a rollercoaster. Periods of heightened optimism have been followed by abrupt breaks in talks, as seen in late 2022 and 2023. After Armenia and Azerbaijan signed a joint statement in December 2023, early 2024 brought renewed hope to the process. In March-April 2024, Yerevan accepted Azerbaijani demands concerning four villages along the northern part of their shared border. Azerbaijan announced its intention to make the COP29 United Nations Climate Summit in Azerbaijan in November 2024 a “COP of peace,” fostering a growing belief that an agreement might be reached by that date. However, the new or reinforced sine qua non-preconditions by President Aliyev—such as amendments to the Armenian constitution and the dissolution of the Organization for Security and Cooperation in Europe (OSCE) Minsk Group established to seek a peaceful solution to the Nagorno-Karabakh conflict—have significantly dampened expectations that even a framework agreement outlining basic principles could be signed by the end of 2024.