How will sanctions against Russia affect Azerbaijan?

12:54 - 30.03.2022


March 30, Fineko/abc.az. It became known in what form sanctions against Russia will affect payments under contracts with Azerbaijan.

ABC.AZ reports this was stated by Russian Ambassador to Azerbaijan Mikhail Bocharnikov.

The ambassador noted that there are certain problems in this area:

“But we think it's not systemic. The problem mainly relates to fluctuations in the exchange rate of the Russian ruble. To eliminate such difficulties in the shortest possible time, it is necessary to switch to settlements in national currencies. This is also contained in the provisions of the declaration on allied cooperation between Azerbaijan and the Russian Federation.”

He also stressed that the Green Corridor project is aimed at increasing the volume of trade between Russia and Azerbaijan. This project provides for simplification of customs procedures.