Caucasus
Coverage across the South Caucasus — Georgia, Armenia, and Azerbaijan.
Armenia's central bank prices Russia's bans as a glut at home, and Strasbourg votes the alternative market the same afternoon
The Central Bank of Armenia raised its refinancing rate by 0.25 points to 6.75% on Tuesday and listed the restrictions on exports to Russia among the risks, as excess supply on the domestic market. The same afternoon the European Parliament approved, 583 votes to 49, a 2-year suspension of duties on about 80% of Armenia's exports to the EU.
Fidan arrives in Baku with a $15 billion trade target and a summit to prepare; Ankara's index reached No: 180 without a word on the tug strike that killed 2 Azerbaijanis
Turkey's foreign ministry announced the visit of 15 and 16 September in one sentence on Monday. Hürriyet Daily News listed the meetings, with Jeyhun Bayramov, defence minister Zakir Hasanov and Ilham Aliyev, and the agenda: the trade target both presidents set, energy and transport projects, the defence industry, and the Organization of Turkic States summit Ankara hosts on 29 and 30 October.
Armenia's Constitutional Court takes up the Trump route at 11:00, 6 days after Baku dated the first works to 2027
The court sits on Tuesday morning to say whether the framework agreement Yerevan signed with Washington in June, a 49-year company that is 74% American on land Armenia keeps, fits the constitution. The ruling is the step before parliament. The calendar for the route itself has already been written elsewhere.
Armenia’s Russian gas stops for 11 days from Tuesday; Gazprom Armenia says Iranian volumes and storage cover it
Gazprom Armenia said on Monday that deliveries of Russian gas will be suspended from 15 to 25 September for planned preventive and overhaul work on the section of the North Caucasus-South Caucasus pipeline inside Russia, and that consumers will be supplied ‘without restrictions’ from internal reserves and additional volumes from Iran. The same day the State Revenue Committee reported that its chairman, Eduard Hakobyan, had signed in Iran with Iran’s customs chief Foroud Asgari a protocol on exchanging advance data on goods and vehicles, the ‘simplified customs corridor’, and the sides agreed to extend the joint use of the Meghri-Nordooz crossing.
Georgia changes its security chief for the second time in 5 months; a career officer takes the service
Gela Geladze resigned as head of the State Security Service on Monday after four and a half months in the post, and prime minister Irakli Kobakhidze named his deputy, Tamaz Borashvili, to replace him, the first career officer of the service to head it in two decades, in the prime minister’s words. Geladze moves to a deputy minister’s post at the interior ministry he ran until April.
Georgia remands an opposition leader over a television line about the 1992 war, on treason and sabotage charges that carry up to 4 years
Tbilisi City Court on Saturday ordered Giorgi Baramidze, a former defence and interior minister and a member of the United National Movement’s political council, held in pretrial detention, a day after the Prosecutor General’s Office charged him with treason, ‘specifically sabotage’, over a July television interview in which he said Georgian fighters early in the 1992 to 1993 Abkhaz war took no prisoners and shot them. The charge carries up to 4 years; Baramidze told the court his words were misinterpreted.
Azerbaijan's state bank pays $140 million for 51% of Davr Bank, 40% above the price it announced in May
The International Bank of Azerbaijan bought 51% of Tashkent's Davr Bank on Thursday in 6 trades on the Tashkent stock exchange for 1.646 trillion soums, $139.5 million at Gazeta.uz's conversion. In May the price was given as more than $100 million. Neither report explains the difference.
Washington's Iranian-airline sweep lands in Kazakhstan as a ticket agent and in Tbilisi as 6 airlines
The US Treasury's designation of 27 Iranian airlines and their foreign enablers on Tuesday named one Central Asian company, Tour Invest of Kazakhstan, as Mahan Air's general sales agent. On Thursday Georgia's Civil Aviation Agency said 6 of the newly listed carriers fly between Georgia and Iran and that Tbilisi will act in full compliance with the sanctions regime. Astana had said nothing on the record by evening.
The Black Sea drone war reaches Baku through the crew of a Turkish salvage tug
Two Azerbaijani sailors died on Wednesday when drones hit the tug Tedy twice off Odesa during a salvage operation for an Istanbul company, on a passage the Turkish trade press reports as bound for Constanța. On Thursday Russia's defence ministry reported a strike on “a tug escorting” two cargo ships bound for Odesa, Baku named its dead and told its citizens to keep away from war zones, and Ankara, which proposed a shipping-security mechanism 8 days ago, had added nothing to it by evening. The cost of the middle position in this war has moved from hulls to crews.
Baku moves the start of work on the Trump route to 2027, 6 days before Armenia's court takes up the deal
Physical work on the Trump Route for International Peace and Prosperity, the road and rail link across Armenia's south between Azerbaijan and Nakhchivan agreed in Washington in August 2025, will begin in 2027 instead of before the end of this year, Azerbaijan's foreign minister Jeyhun Bayramov told journalists on Wednesday, “according to the latest information”. Ilham Aliyev had put the start at the end of this year or the start of next; Nikol Pashinyan had wanted it in 2026. Armenia's Constitutional Court examines the agreement on 15 September.
Brent clears $100 for the first time since July, with Azeri Light at $108 against the $65 in Baku's budget
Azeri Light printed $108.18 a barrel CIF Augusta in Trend's Wednesday-morning table, 66% above the $65 average written into Azerbaijan's 2026 budget. By 10:25 Moscow time the November Brent contract had passed $100 for the first time since 24 July, Interfax reported. Kazakhstan's budget law runs on $60, and its tenge lost 2.5 tenge against the dollar on the same day.
Yerevan lodges a complaint against Russia's produce bans through the EAEU as Pashinyan leaves for Paris
Armenia has filed a complaint against the restrictions Russia has kept on Armenian goods since May, deputy economy minister Tigran Gasparyan told a briefing on Tuesday, and expects them lifted "with the help of the mechanisms that operate within the EAEU". On Wednesday morning Armenpress reported the prime minister leaving for a working visit to Paris. The Moscow visit the Kremlin announced on Monday has drawn no word from Yerevan's channels.
Georgia promises to double its ports by 2032 for a corridor whose shallowest link is on the other sea
Georgia's sea ports and terminals handled 13.7 million tonnes in the first 8 months of 2026, 24% more than a year earlier and the best figure in ten years, the economy minister told the Georgia International Maritime Forum in Batumi. The prime minister, at the same opening, set a ten-year target: railway capacity doubled, port capacity doubled, airport capacity tripled, about $7 billion by 2032. The route's narrowest section runs across Azerbaijan and the Caspian, at a Kazakh quay whose fenders are broken and whose water is falling, and there the only dated commitment is a dredging contract.
The Kremlin books Pashinyan for Moscow, and puts the referendum he dropped back on the agenda
Vladimir Putin invited Nikol Pashinyan to Moscow and Pashinyan accepted, Dmitry Peskov said on Monday; the two leaders, in his words, will discuss "the choice of the direction of development, Armenia's orientation" and "the holding of the corresponding referendum". A week earlier in Bishkek the Armenian prime minister had taken that referendum off his table. Moscow has now put it on its own, with no date attached.
Armenia sends the Catholicos back to Armavir, where he is charged with defying one court order
The Court of Cassation has ruled that the criminal case against Garegin II and six bishops belongs to the court of first instance of Armavir province, because the acts charged were committed at the Mother See of Holy Etchmiadzin, Armenpress reported at 19:45 on Monday. The charge is a single article: part 2 of article 507 of the criminal code, obstructing the enforcement of a judicial act in force through the use of official powers. Behind it stands one bishop, Gevorg Saroyan, whom the Catholicos defrocked in January while a court order kept him in his post.
OPEC+'s seven hold October at September's level while Brent opens the week at $97
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman decided on Sunday to keep their October required production at the September level, with Kazakhstan's line at 1.628 million barrels a day. Brent's November contract traded at $97.28 at 08:15 Moscow time on Monday, up $1 on the day, and the tenge closed at 454.31 to the dollar, 2.04 stronger than on Friday.
Baku's fuel for Armenia passes 21,000 tonnes as Saturday's 16 wagons leave Balajary
On Saturday 16 tank wagons carrying 977 tonnes of diesel left Balajary station for Boyuk Kasik, the Georgian border, and Armenia beyond it, APA reported. With them the running total of Azerbaijani fuel sent to Armenia stands at about 16,000 tonnes of diesel and about 5,000 tonnes of AI-92 and AI-95 petrol, by the agency's count. The same border crossing took Russian cargo in transit the same day: 355 tonnes of wheat, 180 tonnes of fertiliser and 138 tonnes of timber.
The pardoned Russian left Georgia for Yerevan the same evening the court gave him 7 days
Denis Kulanin flew out of Tbilisi on Friday evening and landed at Zvartnots, 8 days after President Mikheil Kavelashvili's pardon and hours after Tbilisi City Court granted the migration department's expulsion motion in a form that let him pick the country. The exit closes a thread that ran from a pardon through a dry hunger strike and a migration-centre cell to a courtroom, and it closes in Armenia, the destination on the ticket that expired while he sat in the centre on 1 September.
A Tbilisi court gives the pardoned Russian 7 days to leave Georgia for a country of his choosing
Tbilisi City Court has granted the migration department's motion on Denis Kulanin in full, and the motion carried its own exit: seven days to leave voluntarily, to any country he picks, with a handover to Russia off the table, as Sova and Meduza read the ruling. The order had not reached the migration service by Friday afternoon, his lawyer said, and he stays in its temporary placement centre until it does.
Tbilisi's file on a dead Abkhaz activist holds three detainees and two theories
Daur Buava, 30, who left Tkvarcheli for Tbilisi in 2021 and made TikTok videos about Abkhazia joining Georgia, was found dead in a rented flat in Didi Digomi on 27 August. A week on, the Interior Ministry's file holds three detainees and two articles of the criminal code, the drugs version the ministry gave on 29 August is disputed by his lawyer, and Wednesday's protest in Tbilisi carried the line “Daur was killed”.