YEREVAN. – The Madrid Principles may serve as the basis of settling Nagorno-Karabakh peace process, OSCE Minsk Group former co-chair, Ambassador Vladimir Kazimirov said on Wednesday in Yerevan at the meeting with representatives of media, NGOs and political parties.

Asked whether the Madrid Principles are the element to reconcile the conflicting sides and settle the issue, the Ambassador answered positively.

“It is necessary to put an end to extreme demands and illusions, especially from the Azerbaijani side,” Kazimirov stressed adding lots of versions were offered to the sides for last 20 years, at the same time mediators should not yield to the whims of the sides.