This is the 8367th most frequent Russian word.
монако
"Монако" in English is "Monaco," the name of a small sovereign city-state on the French Riviera.
Here, 'Монако' is used as the name of the country Monaco.
Монако является крошечным государством в Европе.
Monaco is a tiny state in Europe.
In this sentence, 'Монако' refers to the location where this famous event takes place.
Мы посетили Гран-при в Монако в прошлом году.
We visited the Grand Prix in Monaco last year.
'Монако' here denotes the geographic location known for its luxurious buildings.