Russia’s war in Ukraine has reshaped the geopolitical and economic landscape in the South Caucasus. Although the conflict has created new vulnerabilities for Armenia, Azerbaijan, and Georgia, these countries have also experienced economic benefits, particularly through increased trade with Russia.

Security concerns are reshaping the economic and foreign policy trajectories of Armenia, Azerbaijan, and Georgia. As these nations navigate complex choices about their future paths, the EU should recognize the geostrategic importance of the South Caucasus and strengthen its ties with the region.