Baku. 25 December. REPORT.AZ/ Baku has today hosted an expanded meeting of the Azerbaijani-Russian and Russian-Azerbaijani business councils.
Report informs, Minister of Economy of Azerbaijan Shahin Mustafayev noted in his speech that there is still a great potential for development of economic relations.
"Relations are developing in all directions, cooperation in the humanitarian sphere is expanding, trade between the two countries is growing. Russia is the third largest key trading partner of Azerbaijan in 2017, and ranks first in non-oil imports of the country," minister said.
Russian Minister of Economic Development Maxim Oreshkin said that investments of Russian companies in Azerbaijan amounted to $ 1.5 billion in 2017.