"Azerbaijan is a reliable partner of Russia, open to productive dialogue and mutually beneficial cooperation, both as a bilateral and multilateral partner."
Modern.az reports that this was stated by Azerbaijani Deputy Prime Minister Shahin Mustafayev at a meeting of the Azerbaijan-Russia Business Council in Baku.
"Azerbaijan and Russia are connected by past trade and economic ties, which create a basis for further strengthening of bilateral cooperation. We are confident that, building on the successes already achieved, we will be able to achieve new significant results through joint efforts. Azerbaijan is a reliable partner, open to productive dialogue and mutually beneficial cooperation, both as a bilateral and multilateral partner," Mustafayev noted.
According to him, as of April 1, 2026, more than 2,100 commercial structures with Russian capital have been registered in Azerbaijan, of which more than 1,400 are actively operating.
"They are represented in key sectors of the economy, including industry, agriculture, transport, construction, trade, pharmaceuticals and services. The volume of direct investments from Russia into the Azerbaijani economy amounted to 10.7 billion US dollars, including 2.9 billion dollars directed to the oil and gas sector," the Deputy Prime Minister emphasized.
Mustafayev also called on Russian companies to more actively participate in the implementation of investment projects in the liberated territories of Azerbaijan. ("Report")
