‘It is likely that the peace agreement will include provisions for strengthening Azerbaijan’s control over the establishment of the Zangezur Corridor to Nakhchivan.
Following the successful military operation in Karabakh in September 2023, Azerbaijan has strengthened its regional security in the short and medium term and restored its dominance over the now-dissolved separatist region. A vivid example of this was the dissolution of the former Nagorno-Karabakh Republic in January 2024,’ Fitch added.
The agency also predicts an easy victory for President Ilham Aliyev in the presidential elections on February 7, 2024: ‘There are virtually no forces that could pose serious competition to the political authority of President Ilham Aliyev.’
