The total volume of Russia’s investment in Azerbaijan at the beginning of 2022 amounted to $ 6.3 billion, of which 5 billion dollars fall into the oil sector. More than 1000 companies with Russian capital in Azerbaijan work in the field of hydrocarbon production and transportation, chemical industry, energy, petrochemicals, pharmaceuticals, mechanical engineering and cargo transportation.
Russia also ranks fifth among the main investors in the economy of Kazakhstan – $ 6 billion at the beginning of 2022. About 12 thousand companies with Russian capital are already operating in Kazakhstan, several thousand of them were relocated this year after the introduction of anti -Russian sanctions. They implement projects in the energy sector, extraction and transportation of hydrocarbons, chemical industry and petrochemistry, pharmaceuticals, mechanical engineering, IT industry, assembly of cars.
It is also noticeable that now there is a “quiet” – without unnecessary voice in the media – the transition of Caspian trade to Russian ruble and currencies of other countries with which the Russian Federation developed sustainable trade relations. There is a process of opening correspondent accounts in partner banks, and national financial messages are debugged. The business itself is actively abandoning the contracts nominated in the currencies of Western countries, and goes into national currencies. Everyone understands risks, but this process cannot be stopped. It is enough to look at the number of trading missions from Russian entities of the Federation in Azerbaijan and Iran: information about new meetings comes literally every week …