Putin meets Azerbaijani Prez to strengthen ties amid ongoing tensions

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Putin meets Azerbaijani Prez to strengthen ties amid ongoing tensions - Business Standard

Quick Summary:

Russian leader Vladimir Putin held talks on Monday with his Azerbaijani counterpart as part of a two-day trip to secure Moscow's under-pressure trade routes and shore up ties in the South Caucasus.

Business links were high on the agenda as Putin and President Ilham Aliyev met in the Azerbaijani capital of Baku, with Aliyev announcing that USD 120 million had been earmarked to boost cargo transport between the two countries.

We're talking about the possibility of transporting 15 million tons of cargo per year or more, he said, adding that the two countries crossed the USD 4 billion mark for Russia-Azerbaijan turnover last year and "neither of us think that is where things will stop,