When it comes to foreign policy, Erdoğan name-checked Egypt, Syria and the Balkans, making it clear that solidarity with the beleaguered Muslim Brotherhood and Syrian Sunnis is still uppermost in his mind. But there was no mention of another closer group of Turkic Muslims who have been seeking Ankara's support—the Crimean Tatars. Their plight is on the radar of foreign minister Ahmet Davutoğlu but evidently not of Erdoğan himself. Nor was there any mention of the Caucasus.

The impression is that Turkish foreign policy across the Black Sea is adrift. Having forged a strong economic relationship with President Vladimir Putin, Erdoğan finds himself in a bind on the Ukraine crisis and has been quiet about Crimea—to the disappointment of the Tatars.

The South Caucasus should be a classic example of Turkey's capacity to project itself as a "trading state" in Kemal Kirişci's famous formulation.

Turkey is the biggest trading partner of both Georgia and Azerbaijan and even has substantial trade with Armenia via Georgia, despite the closed border between them. In theory it should be a driver of change, economic growth and a gateway for Europe for all three countries.

Yet, each of the three South Caucasus states continue to drive their own local agendas and show little interest in letting Turkey transform its economic power into political influence in the region.

Turkey has a strong interest in resolution of the Nagorny Karabakh conflict. But it is tied in a knot. Armenia makes it clear it will not countenance any Turkish role in the conflict, until Turkey normalizes relations—this was the message foreign minister Davutoğlu received when he took some Turkish ideas to Yerevan last December. But Azerbaijan does everything in its power to ensure the opposite: that there is no Armenia-Turkey normalization unless there is progress on Karabakh.

The Black Sea region could do with some Turkish soft power—and there is no shortage of ideas in the foreign ministry about what to in this part of the neighborhood. But to break this logjam will take some leadership from the top—and it looks as though this is not a priority for the newly victorious prime minister.