A high-level group called the "Friends of Armenia Network", led by former Prime Minister of Denmark and former Secretary General of the North Atlantic Alliance Anders Fogh Rasmussen, has published a report emphasizing that the absence of a peace agreement between Armenia and Azerbaijan should not be an obstacle to investing in the 'Crossroads of Peace' project and similar initiatives.
On the contrary, according to the authors of the report, this could contribute to reducing tensions and bringing peace to the South Caucasus, writes "Armenpress".
The report examines the need to strengthen relations between Armenia and the European Union, including Armenia's eventual membership in the organization, as well as the current situation in the South Caucasus and the threats to Armenia.
Special attention is paid to the "Crossroads of Peace" initiative presented by the Armenian government, aimed at unblocking transport communications in the South Caucasus. The project's goal is to create transport routes within Armenia based on the principles of reciprocity and equality.
According to the authors of the report, the "Crossroads of Peace" initiative will contribute to the development of trade, interdependence, and communications in the South Caucasus, as well as the normalization of relations between Armenia and its neighbors. However, the implementation of the project will require significant investment in the railway, automotive, and border sectors.
Earlier, BMG reported that in late October 2023, Armenia presented the "Crossroads of Peace" project, which essentially is the Armenian version of a project aimed at unlocking communications in the region after the 44-day war. From Yerevan's point of view, this is one of the components of the process of establishing a durable peace in the South Caucasus, and if implemented, it could change Armenia's status, helping it to emerge from isolation and become a logistical hub in the region.
