Abstract
The paper analyzes the dynamics and growth factors of the economies of the South Caucasus countries in the context of anti-Russian sanctions. Significant changes in trade relations, migration and investment are carefully analyzed. The conclusion is drawn about the advantages of developing trade and economic relations with the Russian Federation for the economies of the South Caucasus countries in the current situation. Taking into account new geo-economic risks and opportunities, the main problems of and prospects for Russia's bilateral cooperation with the countries of the region are considered
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