Nagorno-Karabakh Financial News

Thousands of Armenians streamed out of Nagorno-Karabakh after the Azerbaijani military reclaimed full control of the breakaway region while Turkish President Recep Tayyip Erdogan visited Azerbaijan Monday in a show of support to its ally.

blockade of the road connecting Nagorno-Karabakh to Armenia. Thousands of Nagorno-Karabakh residents flocked to a camp operated by Russian peacekeepers to avoid the fighting, while many others gathered at the airport of the regional capital, Stepanakert, hoping to flee the region.

Nagorno-Karabakh early Wednesday, a day after Azerbaijani forces used heavy artillery fire on Armenian positions in the separatist region that local officials said killed or wounded scores of people. Azerbaijan has called the artillery fire an «anti-terrorist operation» and said it will continue until the separatist government of Nagorno-Karabakh dismantles itself and «illegal Armenian military formations» surrender. It said it is only targeting military sites, but significant damage was visible on the streets of the regional capital, Stepanakert, with shop windows blown out and vehicles punctured apparently by shrapnel. The blasts reverberated around Stepanakert every few minutes on Wednesday morning, with some explosions in the distance and others closer to the city. The artillery fire raised concerns that a full-scale war in the region could resume between Azerbaijan and Armenia, which for more than three decades have been locked in a struggle over the mountainous territory of Nagorno-Karabakh.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Reuters. 7. The most sensitive issue is the status of the 120,000 ethnic Armenians in Karabakh, whose rights and security Armenia says must be guaranteed.

Lawmakers in a breakaway Armenian-populated region of Azerbaijan have elected a new separatist president in a move that was strongly condemned by the Azerbaijani authorities