After Azerbaijan’s victory in the Second Karabakh War in 2020, keeping the Azerbaijan-India partnership on pragmatic rails became a hard feat to pull off. Russia’s invasion of Ukraine and the ensuing sanctions, however, created new opportunities for Azerbaijan and India, with the International North-South Transport Corridor at the centre of this renewed co-operation.

Much has been made of India’s seemingly neutral position on the war in Ukraine. Whilst the country has maintained many traditional links with Moscow, New Delhi’s growing importance on the global stage offers a range of new opportunities for states across Central and Eastern Europe.

While China struggles to consolidate its economic position in the South Caucasus, Pakistan has cemented its strategic alliance with Azerbaijan. Simultaneously, India has entered a new phase of relations with Armenia. Even though the presence of Asian powers in the region represents an opportunity for economic development, it may also entail some risks.

Asian powers have recently shown increasing interest in the South Caucasus. In particular, Pakistan and India have stepped into the region, joining and partially balancing China's strong presence. Several factors have contributed to the entrance of these new Asian players and this is particularly true regarding the new balance of power established by the 2020 war between Armenia and Azerbaijan. At the same time, the European Union and United States’ lack of engagement with the region has left more room for action by other external powers.

The conversion of India and Pakistan into full members of the Shanghai Cooperation Organisation (SCO) during the summit in Tashkent highlights the importance of the stabilisation of the wider Asian region. This will be the organisation's first ever enlargement since its inception in 2001 when Uzbekistan, having no direct border with China, was impressed by the Shanghai Five's performance in reducing conflict potential along China’s border with the Central Asian states. Having observed the organisation's growing potential Uzbekistan chose to join. At this point the the group changed its name to the SCO and outlined principles that would shape their fair and mutually beneficial cooperation. The chief principle was the status of partners. Introducing equality to the region, formerly dominated by Russian-led blocs, critically separated the SCO from any other organisation.