South Caucasus
Armenia · Azerbaijan · Georgia
Weekly situational monitoring of the South Caucasus and the US–Russia–Iran triangle acting on it. Tracks the Armenia–Azerbaijan peace process, transit corridors, energy and the Russian factor.
Latest cycles
- SCIH-R1709/09/2026 → 15/09/2026
There was no confirmed armed incident on the Armenia-Azerbaijan line this week, but the rhetoric hardened on several fronts at once. A tour of Karabakh and East Zangezur by foreign diplomats reopened a bitter Armenian-Azerbaijani dispute over cultural heritage. Baku-aligned voices sharpened their message on the peace treaty into "change the Constitution, or there will be war".
Risk level: MediumSentiment: NegativeEU impact3/5 - SCIH-R1601/09/2026 → 08/09/2026
Two structural signals dominate this cycle, both favourable to the Western vector. First, the Wall Street Journal revealed that US negotiators used the promise of access to Nvidia AI chips for an Armenian data centre as leverage to secure the preliminary Armenia–Azerbaijan peace deal — the first hard evidence that Washington is running technology access, not just finance, as its principal instrument in the South Caucasus.
Risk level: MediumSentiment: PositiveEU impact4/5 - SCIH-R1525/08/2026 → 01/09/2026
The cycle was dominated by the Aliyev–Pashinyan meeting on the margins of the SCO summit in Bishkek (31 Aug), where both sides reaffirmed commitment to the peace process, TRIPP implementation and border-delimitation work — continuity rather than a new breakthrough on the constitutional/Karabakh-reference red line. Armenia's Turkey-normalisation track advanced through symbolically loaded diplomatic-corps visits to the Margara/Akhurik crossings.
Risk level: MediumSentiment: NeutralEU impact3/5