BAKU, Azerbaijan, Feb.18. Recent diplomatic
progress between Azerbaijan and Armenia has improved regional
stability and opened new avenues for economic cooperation, Trend reports with
reference to Allianz Trade, the global leader in trade credit
insurance.
“Relationship with the US has improved noticeably with
Washington brokering initiatives potentially conducive to a broader
peace agreement between Baku and Armenia. Azerbaijan is also
deepening ties with the EU (energy cooperation), Türkiye
(connectivity) and other regional players, but the broader South
Caucasus remains exposed to geopolitical shocks,” reads the latest
report be Allianz.
On August 8, 2025, in Washington, President of the Republic of
Azerbaijan, Ilham Aliyev, US President Donald Trump, and Armenian
Prime Minister Nikol Pashinyan signed a joint declaration. One of
the points of the document provides for the launch of the “Trump
Route for International Peace and Prosperity” (TRIPP) to unblock
regional communications.
During the meeting, Foreign Minister of the Republic of
Azerbaijan Jeyhun Bayramov and Foreign Minister of the Republic of
Armenia Ararat Mirzoyan initialed the draft “Agreement on the
Establishment of Peace and Interstate Relations between the
Republic of Azerbaijan and the Republic of Armenia” and signed a
joint appeal to the current OSCE Chairperson-in-Office to close the
OSCE Minsk Group process.
On October 21, 2025, President of the Republic of Azerbaijan
Ilham Aliyev, in a joint press statement with President of
Kazakhstan Kassym-Jomart Tokayev, said that Azerbaijan has lifted
all restrictions on cargo transit to Armenia that had existed since
the time of occupation, and the first such transit cargo was a
shipment of Kazakh grain to Armenia.
On December 18, 2025, the State Oil Company of Azerbaijan
(SOCAR) sent 1,220 tons of RON95 motor fuel to Armenia.
On January 9, 2026, a total of 2,698 tons of cargo (48 railcars)
was sent to Armenia, including 1,742 tons of RON95 gasoline and 956
tons of diesel fuel.
On January 11, a train consisting of 18 railcars loaded with 979
tons of RON92 motor gasoline was sent to the country.