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Oreshkin: Russia-Azerbaijan trade turnover increased by 21% in five months

17 July 2018 15:23 (UTC +04:00)

Meeting of Russia-Azerbaijan business council was held in Moscow.

APA’s Moscow correspondent reports that the meeting was attended by Russian Minister Economic Development, co-chair of Russia-Azerbaijan intergovernmental commission Maksim Oreshkin, Russian Ambassador to Azerbaijan Mikhail Bocharnikov, Chairman of Commerce and Industry of Russia Sergey Katirin and members of Business Council.

Maksim Oreshkin said that activity of the business council contributes to increase of trade turnover between the two countries: ‘The trade turnover increased by 21% in the five months of 2018’.

Oreshkin noted that the members include nearly 50 Russian companies: ‘These are banks and industrial companies. Investments made by Russia in Azerbaijan near $1.5 billion. The matter is about oil and gas sector, machinery, pharmacology, chemistry, and banking. Azerbaijani side, first of all, is interested in increase of investments in agriculture and tourism. However, there is a potential for increase of these figures’.

Russia’s ambassador to Azerbaijan Mikhail Bocharnikov said that he has met with Russian businessmen in Azerbaijan: ‘I hope that such meetings will be held regularly to determine the problems and solve them if possible’.