Russian Credit Export & Investment Insurance Agency supported projects in Azerbaijan for $322.5 million

25.12.2017,12:57


December 25, Fineki/abc.az. The ceremony of opening of the Russian Export Centre has taken place in Baku today.

Accoring to REC data, the Russian Credit Export & Investment Insurance Agency (Part of the REC) has supported Russian companies’ projects in Azerbaijan for $322.5 million and Russian Eximbank for $249 million.

The REC data shows that for the first 10 months of 2017 Azerbaijan-Russia trade turnover reached $2.1 bn that is by 51% more versus the 2016 same term’s figure. Of this amount, $1.6 bn accounts for Russian exports, including over $1.5 bn in non-oil and non-energy export.