Deputy PM: “Azerbaijan and Russia are conducting negotiations for development of North-South transport and energy corridor”

Deputy PM: “Azerbaijan and Russia are conducting negotiations for development of North-South transport and energy corridor”
# 10 February 2015 14:09 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. Azerbaijan and Russia will sign, in the first half of 2015, a plan for cooperation in the investment area until 2020, the Deputy Prime Minister of Russia Arkady Dvorkovich told reporters in Baku on Feb. 10.

“Azerbaijan and Russia agreed to accelerate work on a number of documents,” Dvorkovich said. “It isn’t expected to sign agreements as part of this visit, but we have in-process a few documents, for which we agreed to speed up the harmonization of technical issues to sign them in the first half of the year.”

He said that in particular the matter rests in a plan of cooperation in the investment area until 2020, the agreements on synchronization of the work of energy systems of Azerbaijan and Russia, the creation of an investment platform between the Russian Direct Investment Fund and Azerbaijan’s State Oil Fund.

“These agreements are the basis for realization of projects in trade and investment area,” said the deputy prime minister.

Dvorkovich added that Azerbaijan and Russia are conducting negotiations for development of North-South transport and energy corridor.

“Today, we had very interesting discussions at the meeting with Azerbaijani President Ilham Aliyev. The subject was mainly economic cooperation. Of course, there are political relations between two countries, which are of friendship and strategic importance”. This allows expansion of economic cooperation”, Dvorkovich said.

According to him, the trade links between the two countries are rapidly developing: “Russia has started to purchase more consumption goods from Azerbaijan”.

He noted that Russia can make more active the cooperation with Azerbaijan on the background of break with the US and West: “This partnership is a model of peace in the region”.

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