Russian leader Vladimir Putin held talks on Monday (August 19, 2024) 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 Mr. Putin and President Ilham Aliyev met in the Azerbaijani capital of Baku, with Aliyev announcing that $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 $4 billion mark for Russia-Azerbaijan turnover last year and “neither of us think that is where things will stop.”
“Such ties are a priority for Mr. Putin, who increasingly depends on countries such as Azerbaijan to access global markets because of sanctions imposed on Moscow over Russia’s war on Ukraine,” said independent political scientist Zardusht Alizade.
“Azerbaijan is an important transit country for Russia at a time when it needs to have free access to world markets, including Iran and ports in the Indian Ocean,” Mr. Alizade told The Associated Press.
“Mr. Putin’s overtures have been warmly welcomed by Baku. For Azerbaijan, retaining Moscow’s good-will is important for national security over tensions with neighbouring Armenia,” says Mr. Alizade.
Russia has been Armenia’s longtime sponsor and ally since the fall of the Soviet Union. But relations between the two countries have become increasingly strained since September 2023, when Azerbaijan waged a lightning military campaign that took control of the Karabakh region, ending three decades of ethnic Armenian separatist rule there.
Armenia accused Russian peacekeepers deployed to in the region of failing to stop Azerbaijan’s onslaught. Moscow, which has a military base in Armenia, rejected the accusations, arguing that its troops didn’t have a mandate to intervene.
“Baku still hopes Moscow can pressure Armenia to normalise relations,” said Mr. Alizade. “Russia can speed up the settlement of Armenian-Azerbaijani relations.”
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
