Russia considers the possibility to fund 20 joint projects with Azerbaijan. According to the Russian Export Center (REC), these are the projects in such sectors as chemical industry, agriculture, radio-electronic industry and so on.
The REC also reported that 11 of the Russian-Azerbaijani projects received over $410 million of financial support so far.
Center explained that the Russian-Azerbaijani Business Council will also contribute to the development of bilateral cooperation. "A working meeting between the chairman of the Russian-Azerbaijani Business Council Peter Fradkov and Chairman of the Azerbaijani-Russian Business Council Iskander Khalilov was held on September 11," the REC recalled.
Following the talks, the parties agreed to create the list of specific Russian-Azerbaijani economic projects by the end of 2016, Trend reports.
Today Russia has invested more than $3 billion in Azerbaijan's economy, Azerbaijan - over $1 billion in the Russian economy. There are about 600 companies with Russian capital in Azerbaijan, including 200 companies with one hundred percent Russian capital.
