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Russia eyes to lift restrictions from trade with Azerbaijan: minister

26 May 2018 [10:16] - TODAY.AZ

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Russia is working to lift restrictions from trade with Azerbaijan, Minister for Economic Development of Russia Maxim Oreshkin told the “Russia for All” website on the sidelines of the 22nd St. Petersburg International Economic Forum (SPIEF).

“A concrete action plan on five directions has been proposed, and we are working as part of this plan to ensure that trade and economic cooperation between our countries grows and strengthens,” he said. “The flow of mutual investments between our countries doesn’t stop. We have strong ties not only at the economic, but also at the human, cultural level. Many Azerbaijanis live in Russia and many Russians live in Azerbaijan. This connects our countries and allows to develop relations in all spheres of life, including in the economic sphere.”

Oreshkin stressed that Russia and Azerbaijan can achieve great progress in economic relations.

Azerbaijan’s trade turnover with Russia amounted to $2.14 billion in 2017, about $1.5 billion of which accounted for the import of Russian products, according to Azerbaijan’s State Customs Committee. The value of trade between the two countries grew 4.3 percent compared to the previous year.

URL: http://www.today.az/news/business/170424.html

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