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U.S. to own 74% of Armenia-based trade corridor linking Azerbaijan’s mainland to Nakhchivan, backed by $145M in funding.
The U.S. will hold a 74% stake in a new trade corridor in Armenia connecting Azerbaijan’s mainland to its Nakhchivan exclave, following Azerbaijan’s 2023 military victory.
The project, dubbed the TRIPP corridor, is being developed by a joint venture with Armenia, which retains sovereignty and control over laws within the zone.
The U.S. has committed $145 million in funding, aiming to boost American investment, access to critical minerals, and regional stability while reducing Russian influence.
The initiative, supported by Secretary of State Marco Rubio, is seen as a strategic move amid regional tensions, with Armenia affirming continued control.
Iran has expressed concern over the corridor’s proximity to its border.
Estados Unidos poseerá el 74% del corredor comercial basado en Armenia que une la parte continental de Azerbaiyán con Nakhchivan, respaldado por $ 145M en financiamiento.