Armenia and Azerbaijan Set to Sign Historic Peace Treaty, But at What Cost?

Armenia and Azerbaijan agreed to the terms of a long-awaited peace treaty Thursday that could end a decades-long conflict that began with the fall of the Soviet Union. In a development that could reshape the South Caucasus, Armenia and Azerbaijan have finalized a draft peace agreement, with Yerevan accepting Baku’s proposals on the remaining disputed issues, according to Azerbaijani Foreign Minister Jeyhun Bayramov. The agreement, aimed at ending over three decades of hostilities, will establish diplomatic relations, reopen borders, and formally settle the conflict over Nagorno-Karabakh. After Armenia accepted the two remaining elements of a peace deal from Azerbaijan, the…