Over 70 Russian entities are developing cooperation with Azerbaijan, and regional chambers of commerce and industry are actively involved in this, organizing mutual business missions, Vice-President of the Russian Chamber of Commerce and Industry Maxim Fateev said, Report informs.
Fateev noted that today Russia is one of the main foreign economic partners of Azerbaijan: "More than 900 joint ventures with Russian participation operate in Azerbaijan. Cooperation is expanding within the energy, machine-building, industrial, transport and other sectors."
Fateev also noted the important role of the Caspian region in ensuring energy security. "We have to do everything necessary to maintain stability and security in the Caspian based on good neighborliness, trust, mutual respect among the states of the region and the development of their economic potentials," he added.