“Moscow and Baku have many areas for collaboration,” said President of Russia Vladimir Putin during a limited-format meeting with President of Azerbaijan Ilham Aliyev.
The Russian President emphasized: “Trade and economic relations are developing successfully. During our previous meeting in Russia, you mentioned that slightly over 4 billion (annual turnover – ed.) is a good figure. That is a good figure, but it does not match the potential of our capabilities. Indeed, we can talk not only about energy, industrial cooperation, transportation, logistics, and light industry. We have many areas for joint collaboration. Direct investments exceeding four billion dollars in the Azerbaijani economy are also a significant indicator. More than 1,270 enterprises with Russian capital are operating in Azerbaijan, and this number is certainly not the limit.”
