Russia appreciates high level of relations with Azerbaijan – Medvedev

Russia appreciates the high level of relations with Azerbaijan, Russian Prime Minister Dmitry Medvedev said in his statement for the press following the meeting with Azerbaijani President Ilham Aliyev in Baku Apr. 8.

We really appreciate such level of relations with Azerbaijan, traditions of friendship and mutual understanding, which have formed throughout the centuries and which now bear good fruit, said Medvedev.

Medvedev said that currently, both Russia and Azerbaijan undergo not quite the easiest phase of economic development.

“The macroeconomic situation, the influence of foreign markets, as well as the oil and gas market and currency rate fluctuations in one way or another affect the economic agenda,” said the prime minister.

Medvedev said that for this reason, the trade turnover between the countries, which was always developed and quite significant, has recently declined.

“But the decline is not dramatic, it is small,” he said, adding that the trade turnover decreased only by a few percent. “The decline is bigger in cost terms, but we can compensate for it, if efforts to develop trade and economic, as well as investment cooperation are taken.”

“It’s necessary to seek new projects,” Medvedev said. “It is necessary to intensify activity of the intergovernmental commission, though the colleagues work well. On behalf of the Russian government I would like to thank for what is being done.”

Medvedev said that during the talks it was agreed to intensify activity of the Russian-Azerbaijani Business Council, because the countries should be not only state but also business partners.

“We have a number of very large energy and transport projects,” said Medvedev. “We would like to intensify the work in all these spheres in order to accelerate the development of our economies.”

Source: Trend