Vladimir Putin: Russian companies feel quite comfortable in Azerbaijani market

“Russian companies feel quite comfortable in the Azerbaijani market,” said President of Russia Vladimir Putin during a joint press conference with President of Azerbaijan Ilham Aliyev, Report informs.

“This includes companies like LUKOIL, KAMAZ, which has established an assembly plant, Sollers, and UAZ. They are operating successfully, and there are prospects for further development. We are grateful to the regions of Azerbaijan for the favorable conditions they have created for their operations. Transmashholding signed another contract in February for the production of a large batch of Russian trains for the Baku metro,” the Russian leader emphasized.

He also reported that the United Shipbuilding Corporation of Russia, in collaboration with the Baku Shipyard, is beginning the production of modern river-sea class tankers for transporting petroleum products.