Minister: War negatively affected Azerbaijan-Ukraine economic relations

The Russia-Ukraine war, which has been going on for more than three years, has negatively affected Azerbaijan-Ukraine economic relations, Azerbaijan's Foreign Minister Jeyhun Bayramov said during a joint press conference with Ukraine's Foreign Minister Andrii Sybiha, Report informs.

"Political consultations between the two countries were held in February 2025, and it is important to continue this regularly. In cooperation within international organizations, organizations such as the UN, GUAM, and OSCE hold a special place. Unfortunately, the Russia-Ukraine war, which has been going on for more than three years, has negatively affected our economic relations," Bayramov noted.

The Azerbaijani minister emphasized that as a result, the trade turnover, which was $1 billion dollars in 2021, decreased to $600 million in 2022, $350 million in 2023, and reached $460 million in 2024 with a 30 percent YoY increase.