There is an excellent potential for the development of relations between Azerbaijan and Russia in the modernization of railroads, creation of highly technological enterprises, production of renewable energy, and logistics, Russian Deputy Prime Minister Alexei Overchuk said at the conference dedicated to the prospects of Azerbaijani-Russian economic relations at ADA University.
He said the bilateral relations between Azerbaijan and Russia are diverse and they continue to develop.
Overchuk said Russia is the biggest consumer of Azerbaijan's agricultural production.
The volume of Russian investments in Azerbaijan's economy exceeds $4.5 billion, and Azerbaijan's investments in Russia surpass $1.5 billion.