The FINANCIAL — The NATO leaders’ Ankara Summit Declaration, adopted on July 8, 2026, marks one of the Alliance’s clearest strategic statements since Russia’s full-scale invasion of Ukraine. While the declaration focuses primarily on strengthening NATO’s collective defense and supporting Ukraine, its consequences extend well beyond the Alliance’s borders. For the South Caucasus—a region situated between Russia, Türkiye, Iran and the European Union—the declaration could reshape the regional security landscape for years to come.