Azerbaijan invests more than $500 million in Russia for 10 years

Azerbaijani investments into Russian economy are twice higher than investments by Russian companies into Azerbaijan.

It was stated by the minister of economic development of Azerbaijan, Shakhin Mustafayev, at the business forum with businessmen from Karachay-Cherkessia. According to him, in last 10 years Azerbaijan invested $563 million in Russia, while Russian investments in Azerbaijani economy were only $366 million.

Today 261 enterprise with Russian capital is working in Azerbaijan, the minister noted.

Adapted from Vestnik Kavkaza