Envoy: Russia-Azerbaijan trade turnover reaches $4.4 billion

Russian Ambassador to Azerbaijan Mikhail Yevdokimov has said that the trade turnover between Russia and Azerbaijan reached $4.4 billion.

"We predicted that in 2023 the trade turnover between Russia and Azerbaijan will reach $4 billion, but we were wrong. $4.4 billion, growth of 17 per cent," Yevdokimov said in an interview with Izvestia newspaper.

"Sanctions have led to the fact that our relations have become even closer, we have very serious projects in industrial cooperation. The 17 per cent growth is not the re-export of something through Azerbaijan, it is, in particular, large industrial cooperation projects.

In addition, at the beginning of this year the use of national currencies of Russia and Azerbaijan (ruble and manat) exceeded 54 per cent, i.e. we are moving away from the dollar and euro in our relations with Baku," the diplomat said.