Bank Of Baku

Total amount of material damage to Azerbaijan amounted to more than 20.9 billion manats as a result of Armenia’s illegal economic activities

Total amount of material damage to Azerbaijan amounted to more than 20.9 billion manats as a result of Armenia’s illegal economic activities
# 14 February 2025 22:10 (UTC +04:00)

As a result of illegal economic activities carried out during 1992-2023, including income obtained through illegal exploitation of resources belonging to the Republic of Azerbaijan, the turnover in agriculture, the production of mineral raw materials, energy (hydropower) production, retail trade, public catering, industrial production and other areas of activity, as well as the illegal activities of “Frank Muller Group”, illegal caviar production and illegal financial transactions conducted by “Artsakhbank” Closed Joint-Stock Company, the total amount of material damage amounted to more than 20.9 billion manats, and the illegal income obtained was spent on financing terrorism, APA reports.

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