In Azerbaijan, up to 700 enterprises  are with Russian capital

The volume of Azerbaijan's investments in Russia is $1 billion, while Russia's investments in Azerbaijan reach $3 billion. These statistics were quoted by Deputy Minister of Economy of Azerbaijan Sahib Mammadov during the meeting by the commission for economic and humanitarian cooperation between the governments of Azerbaijan and St. Petersburg. According to the press service of the Ministry of Economy of Azerbaijan, 170 agreements on 50 economic spheres have been signed between the two countries. "About 700 enterprises with Russian capital operate in Azerbaijan. In 2016, the trade turnover between Azerbaijan and Russia increased by 10.5 percent and amounted to $ 2 billion. Russia is one of the main trade partners of Azerbaijan, "Mammadov said. -03D-

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