The article analyzes the U.S.-Georgian relations against the background of high geopolitical dynamics in the Greater Caucasus region taking in view of the 2008 war. The interaction of NATO and Georgia in the Black Sea is being considered. Political risk analysis by Black Rock Investment Institute, Credendo Group and Marsh are used to describe the war risks for Georgia, Azerbaijan and Armenia for the period 2014-2018. It is concluded that, despite the apparent ideological differences between Moscow and the North Atlantic Treaty Organization, as well as the bloc activities in the Black Sea area in joint military exercises with Georgia, the political risk (and war risk) of clashes between opponents is relatively low.
