Azerbaijan is an important strategic partner, friendly neighbor and reliable ally of Russia, the Embassy of the Russian Federation said in a statement on the occasion of the 32ndanniversary of the establishment of diplomatic relations between the two countries.
The diplomatic mission noted that the relations between the two countries are based on the principles of legal equality and good neighborliness, centuries-old traditions of friendship, and mutual respect: “The development of mutual relations between the states contributes to the strengthening of stability and security in the South Caucasus and the Caspian region. Political dialogue is actively developing at the highest level.”
“Trade and economic cooperation is developing successfully. In 2023, bilateral trade turnover increased by 17.%. Russia remains one of the leading commercial and economic partners of Azerbaijan. Various investment projects are being implemented in Baku with the participation of Moscow. Relations between entrepreneurs of the two countries are expanding, including through small and medium-sized businesses. An important element of bilateral cooperation is the Intergovernmental Commission on Economic Cooperation”, the embassy stated.