Comprehensive measures being taken to develop trade relations between Azerbaijan, Russia

Comprehensive measures being taken to develop trade relations between Azerbaijan, Russia
# 12 March 2019 11:45 (UTC +04:00)

Comprehensive measures are being taken to develop the future trade relations between Azerbaijan and Russia, Azerbaijani Minister of Economy Shahin Mustafayev said at the opening ceremony of a business seminar titled “Azerbaijan on the Path of Implementation of Investment Projects: Gazprombank’s Capabilities”, held in Baku, ONA reports.

The minister said that Russia’s Gazprombank plays a great role in the sphere of investments in the two countries.

“Among the implemented special projects, the funding of the SOCAR Polymer project especially draws attention. The $100-million worth SOCAR Polymer project was realized through the cooperation between the State Oil Company of Azerbaijan and Gazprombank,” said the minister.

Shahin Mustafayev added that the SOCAR Polymer plant is already operating and exporting its products abroad.

“I would also like to mention the $260 million worth loan agreement. These funds are directed at the modernization of the Azerkimya plant,” he said.

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