Trade turnover between Russia and Azerbaijan down 20% in 1H of 2015 to $1.7 bln - Russian Economic Development Ministry

YEKATERINBURG, September 30. /TASS/. Trade turnover between Russia and Azerbaijan in the first half of 2015 decreased by 20% to $1.7 bln year-on-year, Deputy Minister of Economic Development of the Russian Federation Alexander Tsybulskiy said Wednesday. "This year we have somewhat slowed down the pace due to objective and well-known reasons. In the first half of the year the trade turnover between our countries amounted to $1.7 bln and showed a slight drop about 20%," he said. At the same time he noted that taking into account physical volumes of supplies, "there was no decline - we see the growth of physical deliveries of goods by more than 50%." According to Tsybulskiy, turnover figures denominated in national currencies, for example in rubles in the first seven months of 2015 it grew by 20 bln rubles ($304.05 nlb) - nearly 25%. Tsybulskiy also said that at the end of 2014 the trade turnover between Russia and Azerbaijan exceeded $4 bln and reached a historic high. "The dynamics of mutual trade, despite objective global difficulties of last year, was one of the best among all the CIS countries. Over the past five years, trade turnover between our countries more than doubled," he said. Read more