“There are successful economic relations between the two countries. Legal framework for these relationships exist,” said Elmar Mammadyarov, Foreign Minister of the Republic of Azerbaijan, at a press conference in Baku following a meeting with his Russian counterpart, Sergey Lavrov, APA reports.
The Minister stated that the volume of the trade turnover at the economical relations exceeded $ 2.5 bln. : “We have targeted to reach this figure to $ 3 bln. Azerbaijan is the main trade partner of Russia in South Caucasus. The investment made by Azerbaijan in Russia exceeded $ 1.2 bln. while Russia invested $ 4,9 bln. In Azerbaijan.”