Using the new geological map of the Elbrus Volcano (scale 1:50 000) and the new isotopic datings of the volcanic rocks, the formation history of Elbrus Volcano was found to include a pre-caldera, a caldera, and a post-caldera cycle, during which the modern Elbrus stratovolcano was formed. The Early and The Late period of the volcano's evolution have been identified in the two latter cycles.