Russian-Azerbaijani commerce quantity has exceeded greater than $4B, Putin says

Nazim Sheikh

International Courant

ISTANBUL

Russian President Vladimir Putin on Monday mentioned the commerce quantity between his nation and Azerbaijan has exceeded $4 billion.


“Our commerce turnover is rising: it has already reached greater than $4 billion. Russian investments within the Azerbaijani financial system quantity to $6 billion,” Putin mentioned throughout a gathering together with his Azerbaijani counterpart Ilham Aliyev within the capital Moscow.

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Expressing that relations between Russia and Azerbaijan are “at a excessive stage and are growing,” he mentioned the intergovernmental fee is working actively and that there are “many fascinating areas of cooperation in the actual sector of the financial system.”

“After all, we can even speak in regards to the state of affairs from the perspective of making certain safety within the area. There are plenty of questions right here, they’re very delicate,” Putin additional mentioned.


He additionally mentioned that they’re celebrating the fiftieth anniversary of the start of the development of the Baikal-Amur Mainline (BAM), noting the numerous position of former Azerbaijani President Heydar Aliyev, who’s incumbent President Ilham Aliyev’s father, within the mission’s growth.

“Actually, he was one of many organizers of this grandiose mission, vital for your complete Soviet Union. We not solely know this, we keep in mind it and are very grateful to him, we maintain the reminiscence of it,” he added.


The BAM is a 4,324-kilometer (2,686-mile) railway line stretching from the city of Tayshet within the Irkutsk area to the Russian Far East.


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For his half, Aliyev mentioned that his nation could be very happy with the event of relations with Russia, expressing that there’s additionally a transport part within the agenda of their assembly.


“The Worldwide North-South Transport Hall (INSTC) mission, uniting our international locations and our companions, is of worldwide significance for the security of cargo transportation and for exciting commerce relations between many international locations,” Aliyev mentioned.

The INSTC is a 7,200-kilometer (4,500-mile) multi-mode community of ship, rail and highway route between India, Iran, Azerbaijan, Russia, Central Asia and Europe.

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Aliyev went on to say that regional safety points are always on the agenda of their conferences, indicating Russia is a “elementary nation” by way of regional safety within the South Caucasus and their broader area.



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Russian-Azerbaijani commerce quantity has exceeded greater than $4B, Putin says

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