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 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 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.