"We understand that several points of contention between Azerbaijan and Armenia remain, and that these appear to be preventing the conclusion of a peace deal," this was stated by the International Rating Agency S&P Global Ratings in its rating assessment of Azerbaijan, APA-Economics reports.
It was noted that one involves the Azerbaijani demand for Armenia to change its constitution and formally relinquish any future claims on Garabagh - this remains a difficult domestic political topic in Armenia.
"We understand that Azerbaijan is also promoting the establishment of road and rail links between mainland Azerbaijan and its exclave Nakhichevan (the "Zangezour corridor"). Specifically, Azerbaijan is demanding that the connection be exempt from any Armenian customs controls; so far, Armenia has not been willing to accept this. Although we do not expect a renewal of the fighting between the two countries, if a diplomatic solution is not found then we see a risk that the conflict could flare up again. Such a scenario would carry substantial social and economic risks for both Azerbaijan and Armenia," - S&P Global Ratings added.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
