The decision to sign the agreement was based on a deep analysis of the military situation.
Armenian Prime Minister Nikol Pashinyan has announced he signed a peace deal with Azerbaijan and Russia to end the war over the disputed area of Nagorno-Karabakh.
"Dear compatriots, sisters and brothers. I have made an extremely difficult decision for personally me and all of us. I have signed a declaration with the Presidents of Russia and Azerbaijan on stopping the war starting from 01:00 (local time)," Pashinyan said in a statement posted on Facebook early Tuesday.
Pashinyan said he made the decision to sign the agreement based on a deep analysis of the military situation.
"The text of the declaration is unspeakably painful to me personally and to our people. I made this decision as a result of a deep analysis of the military situation and appreciation of the people who have the best possession of the situation. Also based on the belief that this is the best solution in the current situation. I'll write a message about it in the coming days," Pashinyan said.
"It's not a victory, but there's no defeat until you know yourself. We will never know ourselves and this should be the start of our national unity, rebirth era. We need to analyze our years of independence to plan our future and not repeat the mistakes of the past," he added.
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Russian President Vladimir Putin said Russian peacekeeping forces would be deployed along the contact line in Nagorno-Karabakh and within the corridor that connects the region with Armenia, according to RIA News. The decision was made by the leaders of Russia, Armenia, and Azerbaijan.
Putin noted that the Azerbaijani and Armenian forces in Karabakh would stop at the positions they had occupied. Baku and Yerevan should also exchange prisoners of war, and all transport hubs in Karabakh should be unblocked.
He said he expected that the agreements would create conditions for a long-term settlement of the conflict.
President of Azerbaijan Ilham Aliyev, in turn, announced a joint peacekeeping mission of Russia and Turkey would be deployed in Nagorno-Karabakh after the end of the hostilities. This was stated by the president in his address to the nation, the Russian news agency TASS reports.
"Both Russian and Turkish servicemen will be represented in the peacekeeping center in Karabakh," he said in his address to the nation.