As was informed earlier, prospects to boost the Azerbaijani-Russian economic relations were thoroughly mulled in Baku, as the capital hosted the business forum on June 20, with participation of about 200 companies engaged in light, heavy and food industries, as well as finance, energy, transport, commerce, engineering, health and other areas.

During the bilateral business forum held in Baku, Azerbaijan and Russia signed a memorandum of cooperation between AZPROMO and Bank VTB (Azerbaijan). The Memo was signed by Rufat Mammadov, the head of the Azerbaijani Export and Investment Promotion Fund (AZPROMO) and the Chairman of the Management Board of the VTB (Azerbaijan) Yuri Yakovlev.