Putin Proposes Mediating Peace Talks Between Azerbaijan and Armenia

— Russian President Vladimir Putin met with Azerbaijani President Ilham Aliyev on Monday during a two-day visit aimed at strengthening trade ties and securing vital transport routes for Russia amid ongoing sanctions due to the Ukraine conflict. The discussions included a significant investment of $120 million to enhance cargo transport capabilities, with expectations to increase annual cargo transport to 15 million tons. The trade turnover between the two nations surpassed $4 billion last year, indicating a growing economic partnership that is crucial for Russia's access to global markets. Putin's visit comes at a time of heightened tensions in the South Caucasus, particularly following Azerbaijan's military campaign in September 2023, which resulted in the recapture of the Nagorno-Karabakh region from ethnic Armenian control. This shift has strained Armenia's relationship with Russia, its traditional ally, as Yerevan accused Russian peacekeepers of failing to intervene during the conflict. Despite these tensions, Azerbaijan seeks to maintain Moscow's goodwill for its national security interests, particularly regarding Armenia. During the talks, Putin reaffirmed Russia's commitment to mediating peace between Azerbaijan and Armenia, despite the challenges posed by the ongoing war in Ukraine. He emphasized the importance of Russia's historical role in the region and expressed a desire to facilitate a peace agreement. Aliyev echoed this sentiment, stating that regional security hinges on the cooperation between Azerbaijan and Russia. The discussions also touched on joint initiatives, including the construction of small tankers for oil transport, highlighting Azerbaijan's strategic position as an energy supplier to the European Union. This visit underscores the complex geopolitical dynamics in the South Caucasus, where both nations navigate their interests amid shifting alliances.