Russia and Iran are losing their grip on the South Caucasus, creating a power vacuum that is opening the door to new geopolitical and trade alignments. A lasting Armenia-Azerbaijan peace could transform the South Caucasus into a key overland corridor linking Asia and Europe:
Armenia's constitutional reform will determine whether the region can deliver the long-term stability needed to attract investment and cement a new Eurasian trade route:
The results of Armenia’s parliamentary election in June dealt Russia’s bid to reassert its grip on the South Caucasus a serious blow. This outcome also reverberates in Tehran, which has historically supported Armenia:
The defense and security agreement between Iran and Russia, which relies on opposition to Western and Turkish influence, is now more constrained as both countries face their own challenges:
China and Japan, both interested in investing in the region and creating trade routes, are now paying more attention to the South Caucasus:
