Bank Of Baku

Alexei Ulyukayev: “It’s possible to increase trade turnover between Azerbaijan and Russia to $4 bln within two years”

Alexei Ulyukayev: “It’s possible to increase trade turnover between Azerbaijan and Russia to $4 bln within two years”
# 02 June 2014 14:14 (UTC +04:00)

Baku. Aynur Aliyeva - APA-Economics. “The relations between Azerbaijan and Russia are developing very well. Russia is only partner of Azerbaijan that cooperates with it at the level of Russian Federation subjects”, Russian Minister of Economic Development Alexei Ulyukayev told journalists.

 

He noted that limitation of transport is one of the main factors preventing increase of economic potential between two countries: “We should establish logistic centers for accompanying of business with the necessary transport, reduce transport expenses and establish legal base”, he added.

 

The Minister said that it’s possible to increase trade turnover between Azerbaijan and Russia to $4 bln within 4 years: “The trade turnover makes $3.6 bln. However, this figure does not reflect our potential”.

 

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