Caucasus in June 2026: the most important developments in economy
In the Caucasus in June 2026, Azerbaijan drew the most economic attention. On 1 June Azerbaijan and the United States signed a deal on rare earth mining. During Baku Energy Week, Egypt and Azerbaijan discussed energy cooperation, and Egyptian officials later discussed export support and investment security with officials in Azerbaijan. Türkiye said it plans an electricity corridor with Azerbaijan, modelled on the TANAP gas pipeline. Türkiye, Georgia and Azerbaijan launched the Baku-Tbilisi-Kars railway at full capacity, and energy ministers of the D-8 group adopted the Baku Declaration on deeper cooperation.
In Armenia, Russia introduced restrictions on fruit imports from June 2, with the agricultural regulator Rosselkhoznadzor limiting stone fruits and grapes. The EU is preparing trade relief measures for Armenia in light of the Russian import bans. Armenian inflation fell to a four-month low as a rise in food prices eased. Telecom Armenia and AzerTelecom signed an agreement on internet traffic transit on 22 June.
by WorldBrief & Maksim Micheliov | AI-generated summary
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