The issue of Ukraine’s geopolitical status through the prism of historiography and methodological discourse of domestic and foreign scholars is revealed. It is established that in the vast majority of scientific works the geopolitical status of Ukraine is defined as extremely low with a further tendency to deteriorate. It is found out that the decline of Ukraine’s geopolitical status in the international arena began immediately after it acquired non-nuclear status under pressure from Russia and the United States. In the end, the “cassette” and “Kolchuga” scandals caused only a deterioration of both the international image and the geopolitical status of Ukraine. According to the works of leading Ukrainian scholars, the crisis of foreign policy and the decline of geopolitical status of the state were also caused by internal factors. These included the demographic crisis, large-scale corruption and falling GDP, which in turn led to an increase in Ukraine’s negative trade balance. A significant number of scholars link the weakness of Ukraine’s geopolitical status with its complicated geographical location. Thus, we can agree with the most authors that Ukraine is geographically located between the West and the East, as well as at the intersection of strategic interests of three civilizations: Euro-Atlantic, Eurasian and Islamic. It is this factor, along with Ukraine’s internal problems, that determines the peripherality of Ukraine’s geopolitical position as that of a buffer state. In order to finally transform Ukraine into a “gray” security zone and prevent its rapprochement with the EU and NATO, Russia launched a hybrid war in 2014, as a result of which it annexed Crimea and caused an armed conflict in Donbas. Such actions of Russia led to further weakening of the geopolitical status of Ukraine and its final transformation into an object of policy of powerful international players. In the current circumstances and forecasts, we increasingly share the idea of intensifying the Euro-Atlantic vector of Ukraine’s foreign policy and establishing a strategic security dialogue to strengthen relations with Eastern European neighbors in the framework of the possible implementation of the Baltic-Black Sea project.