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Peace plan implementation stalls a year after Washington declaration
US Secretary of State Marco Rubio said Washington-backed work included surveying for a railway and creating a Trans-Caspian Enterprise Fund with $201 million in initial capitalization.
One year after Armenia and Azerbaijan signed a provisional peace declaration in Washington, officials from both countries, along with the United States, are still signaling optimism, but progress toward implementing the joint declaration has been uneven, according to OilPrice.
On August 8, the one-year anniversary of the signing by Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev, US Secretary of State Marco Rubio issued a statement reaffirming US commitment to realizing the deal’s potential.
Rubio pointed to progress tied to the Trump Route for International Peace and Prosperity, including the start of surveying work for a railway that would traverse Armenian territory to facilitate freight traffic from Azerbaijan to Turkey and beyond.
He also cited the establishment of a Trans-Caspian Enterprise Fund with initial capitalization of $201 million, framing the effort as a link to the broader Trans-Caspian Trade Route.