Russia-Ukraine confrontation may have both negative and positive after-effect on economies of the South Caucasus countries in near future. Economic sanctions imposed by the West on Georgia, which has a large share of exports to Russia, may limit the opportunities for bilateral trade turnover. In the event of limited financial resources for the two unrecognized...

Recent geopolitical developments around Ukraine, the Russia-Ukraine war that started on February 24, 2022, have generated considerable risks for the Republic of Armenia as well. Large financial-economic, communication and trade sanctions, imposed on Russia by the European countries and the USA, have almost isolated the country. The point is that the Russian Federation is Armenia’s...