Abstract: The Objective of the study is to analyze the causes of failure of the “The Caucasus stability and cooperation platform”. Despite a number of subjective and objective reasons that influenced the implementation of the Turkish initiative, a specific role should be assigned to Turkey's bilateral relations with the South Caucasus countries and Russia. The research will make it possible to understand the importance of the above-mentioned factor in failure of Turkish peacekeeping initiatives and to elicit the main reasons for the countries ' distrust of Ankara's regional policy. To study the above objects, the scientific research was based on the principles of historicism and scientific objectivity. In the course of the research the author used the method of comparative analysis of historical events that influenced the theme of the scientific work. The novelty of the scientific work lies in identification of the influence of bilateral relations between Turkey and the countries involved in the new model of regional security. The study will also provide an opportunity to highlight the expectations and concerns of the countries of the South Caucasus, Turkey and Russia about “The Caucasus stability and cooperation platform”.