Putin emphasized the growing trade turnover, which has exceeded four billion dollars, and noted that Russian investments in Azerbaijan amount to around 4.3-4.5 billion dollars. He mentioned that there has been a 13 percent growth in the first half of the year, indicating a positive trend.
The leaders discussed joint infrastructure projects, including the North-South highway, and explored opportunities in the energy sector and industrial cooperation. Putin also commended Aliyev for supporting the Russian language, with over 300 schools in Azerbaijan teaching Russian.
Aliyev highlighted the active economic interaction between Russia and Azerbaijan, noting the significant increase in trade turnover and the growth of mutual settlements in national currencies. He stated that over 70 percent of Azerbaijani exports to Russia and about 50 percent of Russian exports to Azerbaijan are conducted in national currencies.
Humanitarian cooperation was also a key topic, with Aliyev mentioning that around one million students in Azerbaijan study in Russian, including 150,000 in Russian schools and 800,000 learning Russian as a second language.
Regarding the North-South project, Aliyev indicated progress since their last meeting in Moscow and expressed determination to expand the corridor’s infrastructure on Azerbaijani territory to maximize its use.
Additionally, Russian Deputy Prime Minister Alexei Overchuk reported that discussions included the development of industrial cooperation and the assembly of Russian cars in Azerbaijan.
