In addition to the risk of the Ukraine War spreading to Georgian territory, the planned Russian naval base in Abkhazia could threaten Georgia's status as a global east-west connectivity hub.
Russian peacekeeping troops in Nagorno-Karabakh presided over the exodus of the entire population they were sent there to protect. Moscow says they've done a great job.
Amidst strained relations between Armenia and Russia, Russia's state atomic energy company will modernize Armenia's nuclear power plant and presumably build a new unit.
The apparent easing of U.S.-Azerbaijani tensions has done nothing to slow the wave of arrests that began amid a state media campaign signaling a hunt for "U.S. spies."
Whether the Armenian diamond-cutting industry is hurt or helped by the likely sanctions will depend on the EU's ability to trace the gems' origin to Russia.