Azerbaijani President Ilham Aliyev has stressed the country's crucial role in Eurasian transport networks, highlighting its position on key trade routes and ongoing efforts to improve infrastructure and cooperation with neighbouring nations.
Azerbaijani president Ilham Aliyev has emphasised the country’s strategic importance in Eurasian transport networks, stating that "It is impossible to imagine the transport map of Eurasia without Azerbaijan, without its transport infrastructure."
Speaking at a meeting dedicated to transportation issues, Aliyev highlighted Azerbaijan’s role in major international trade routes.“Currently, the East-West and North-South transport corridors pass through our territory. The volume of cargo transported along these corridors is increasing by the year. In addition to physical infrastructure, other steps have been taken to ensure more efficient transportation of cargo, including attention paid to digitalization. New formats of cooperation with neighbouring countries have been created and joint ventures, joint companies have been established. In short, Azerbaijan today is one of the indispensable transport hubs of Eurasia,” he said.
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U.S. President Donald Trump said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “soon”.
Kazakhstan’s main oil export corridor was disrupted by drone strikes near Russia’s Black Sea coast in July, forcing a temporary suspension of crude loadings and raising fresh concerns over the vulnerability of regional energy infrastructure to the war in Ukraine.
Azerbaijan’s State Oil Fund (SOFAZ) has made its first investment in Latin America, acquiring an indirect stake in Peru’s largest independent electricity producer, Inkia Energy, as part of its strategy to diversify its global investment portfolio.
Uzbekistan and Kazakhstan will remove tariff and non-tariff barriers affecting around 20 product categories from 10 August, in a move designed to facilitate cross-border trade and support businesses in both countries.
President Masoud Pezeshkian has defended his administration's economic performance under longstanding Western sanctions and severe wartime conditions, saying barter trade with neighbouring countries has expanded to help Iran cope with financial restrictions, according to his office.
Armenian Prime Minister Nikol Pashinyan has said that Armenia currently has no option to join the European Union as an alternative to its membership in the Eurasian Economic Union (EAEU).
Tajikistan tripled fuel imports from neighbouring Central Asian countries in July after deliveries from Russia declined sharply, underscoring how disruptions to Russian exports are prompting governments across the region to seek alternative suppliers.
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