Following the initiation of a peace agreement between Armenia and Azerbaijan last summer, there is still a long way to go before the conclusion of a formal agreement and sustainable peace in the region. In the wake of a visit by U.S. Vice President JD Vance and a plethora of signed agreements, the South Caucasus finds itself less and less dependent on a previous regional hegemon: Russia. What does this mean for the region? What obstacles remain on the road to a full-fledged peace between Armenia and Azerbaijan?

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