“That leaves ethnic Armenians in control of the capital Stepanakert and areas mostly to the north, but experts say none of what the Armenians will keep is strategically significant. In effect, Armenia will maintain nominal political control over the capital and its rump of the region (the yellow part in the maps above), but that’s about it. The power Armenia has had in the territory for decades is basically gone.
Meanwhile, Azerbaijan won the war, so it gained the most.
As of December 1, it will control the three withdrawn-from areas of Nagorno-Karabakh and the surrounding seven territories, while also remaining in Shusha (or Shushi). That means Azerbaijan will control the most important areas in Nagorno-Karabakh (the green area in maps above) with its military forces.”
…
“the deal means Azerbaijan is the clear victor in the Nagorno-Karabakh conflict; Armenia is left reeling and in political turmoil; and Russia and Turkey both enhanced their presence and influence in the region. It’s a dramatic shift from what the situation looked like six weeks ago.
The question now is if the deal will hold. Three previous ceasefire attempts failed in this latest conflict, and political opposition to the deal in Armenia may force the current prime minister — or someone else who usurps his power — to withdraw from the pact.”
https://www.vox.com/2020/11/10/21558428/armenia-azerbaijan-war-nagorno-karabakh-russia-turkey