Envoy: Almost all regions of Russia have trade ties with Aze...| MENAFN.COM

Monday, 06 February 2023 02:05 GMT

Envoy: Almost all regions of Russia have trade ties with Azerbaijan (UPDATE)


(MENAFN- Trend News Agency ) Details added (first version posted on 16:04)

Baku, Azerbaijan, Nov. 16

By Azad Hasanli - Trend:

Almost 80 regions of Russia have trade relations with Azerbaijan to one degree or another, Russian ambassador to Azerbaijan Vladimir Dorokhin said Nov. 16 in Baku at the Azerbaijan-Russia business meeting.

"Azerbaijan is open for cooperation,' he said. 'I am very glad that the Russian Federation shows interest in that.'

Dorokhin said Azerbaijan and the regions of Russia have signed 18 intergovernmental agreements.

"We want to cooperate with Azerbaijan as closely as possible," the diplomat added.

Russia is one of the main economic and trade partners of Azerbaijan. Russia's investments in Azerbaijan's economy exceed $3.7 billion. Azerbaijani entrepreneurs invested over $1 billion into the Russian economy.

The data from the Azerbaijani State Customs Committee shows that trade turnover between Azerbaijan and Russia amounted to almost $1.66 billion in January-October 2017, which makes up 10.35 percent of the entire trade turnover between Azerbaijan and other countries.

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