On March 5, significant documents between Azerbaijan and Russia were signed in Baku, focusing on tourism, culture, and the enhancement of bilateral cooperation concerning the development of Azerbaijan-Russia state border crossing points and road infrastructure. 

Prime Minister Ali Asadov of Azerbaijan and Chairman of the Russian Government Mikhail Mishustin, who was visiting the country, discussed various facets of the Azerbaijan-Russia strategic partnership across multiple sectors during a meeting in Baku on March 5.

The parties deliberated on prevailing economic, commercial, and investment cooperation matters. They underscored the significance of joint projects in energy, industry, transport, agriculture, and cultural-humanitarian domains, in line with agreements and directives from both heads of state. Both parties expressed contentment with the notable $4.3 billion bilateral trade recorded in 2023, affirming their commitment to sustaining the growth trajectory of mutual trade.

Furthermore, they acknowledged the uptick in mutual investment activity and reaffirmed mutual interest in advancing cooperation on priority investment initiatives. Notably, the successful implementation of collaborative projects in industrial cooperation, including truck and commercial vehicle production and pharmaceutical preparation, was highlighted.

A pivotal area of Azerbaijan-Russia collaboration lies in the transport-transit domain. The volume of cargo transportation between the two nations saw an increase of over 11 percent in 2023. The parties emphasized the significance of the North-South International Transport Corridor and applauded joint efforts to optimize its functionality. Additionally, they stressed the importance of simultaneously enhancing road and railway infrastructure alongside the development of state border crossing points.

The press service also underscored the gratification with the enduringly high cultural and humanitarian cooperation level. Both parties committed to sustaining exchanges in culture, science, and youth and fostering mutual educational endeavors in the future, emphasizing the imperative of its continued advancement.