The article analyzes the security problems in the South Caucasus. The emphasis is placed on the key security threats to the Republic of South Ossetia, which is actually in a state of latent conflict with Georgia. The article uses the method of situational analysis (sitanalysis), which involves considering the problem at the applied level, identifying all the factors that influence the formation of the situation. The author considers that the most important part of the situational analysis is the development of practical recommendations in order to implement a favorable forecast and, if possible, avoid an unfavorable course of events.According to the author’s main conclusions, the Republic of South Ossetia is currently facing a number of serious external threats to its national security in the South Caucasus. The existing threats, challenges and risks for South Ossetia in the South Caucasus region tend to increase, both in local and regional variants. According to the author, efforts should continue to create a sustainable security architecture in the South Caucasus in order to prevent any violent scenarios for resolving existing contradictions and achieving sustainable peace and stability in the region.