Ilham Aliyev: We lost 2-3 billion dollars

05.09.2022,11:28


September 5, Fineko/abc.az. President Ilham Aliyev gave an interview to correspondent of Italian newspaper Il Sole 24 Ore Roberto Bongiorni in Cernobbio.

ABC.AZ reports that the head of state touched upon some points during the interview.

President Aliyev noted that there is a common opinion: these high oil prices bring enormous additional wealth to the exporters.

"Yes, it is true. Our revenues increase. But at the same time, we lost money on the capital markets because our assets of our State Oil Fund are in different instruments and the biggest assets are in the capital market and the capital market went down. Therefore, we as many other sovereign funds, lost, not a lot of money. Some sovereign funds lost more than 100 billion dollars. We lost 2-3 billion dollars,” the president said.