Russian President Vladimir Putin, Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan agreed to create mechanisms for demarcation of the border between Armenia and Azerbaijan by the end of the year, Putin said Friday following their trilateral meeting in the Russian city of Sochi.

"I would like to note that we have agreed on a number of key issues. The first is the creation of mechanisms for demarcation and delimitation of the border between the two states, and we agreed to do this by the end of this year," Putin declared, according to the Kremlin.

"I hope this happens as soon as possible. There are no obstacles to the creation of these mechanisms," he added.