"Armenia has accepted Azerbaijan's proposals on the two previously unresolved articles of the peace treaty," he said. Armenia's foreign ministry later confirmed that in a statement, saying "negotiations on the draft agreement have been concluded" and "the Peace Agreement is ready for signing".

Armenia and Azerbaijan were locked in conflict over Nagorno-Karabakh for nearly four decades after the Soviet Union they were both members of collapsed.

Armenia and Azerbaijan have fought a series of wars since the late 1980s, when Nagorno-Karabakh, a region in Azerbaijan that had a mostly Armenian population at the time, broke away from Baku with Yerevan's support.