BAKU, Azerbaijan, June 24. Russia is the third largest trade and economic partner of Azerbaijan, Azerbaijani Minister of Foreign Affairs Jeyhun Bayramov said during a joint press conference with Russian Foreign Minister Sergey Lavrov in Baku, Trend reports.
"We had the opportunity to discuss a broad agenda and paid attention to economic cooperation between our countries. The results of trade turnover for 2021 were noted with satisfaction, despite the ongoing and existing negative impact of COVID-19 coronavirus pandemic," Bayramov said.
According to Bayramov, the mutual trade between Russia and Azerbaijan exceeded $3 billion (increasing by 12 percent) in 2021.
"Azerbaijan has direct economic relations with more than 70 subjects of Russia, while the Russia is the third largest trade and economic partner of our country," he said.
Bayramov also noted the special importance that Azerbaijan attaches to cooperation with Russia within the framework of the inter-governmental commission on economic issues.
He also added that that this year marked 30th anniversary of the establishment of diplomatic relations between Russia and Azerbaijan, meeting of which was held on April 26, 2022 in Baku.
"Co-Chairmen of Commission are also in constant contact and they discussed a number of projects that are currently under development and execution on the margins of the St. Petersburg International Economic Forum [was held in Russia, on 15-18 June 2022]," he said.