The Russian-Ukraine War: Impacts on the bank and business transfers between Azerbaijan and Russia

This paper analyzes the possible effects of the sanctions imposed against Russia as a result of the Russia-Ukraine war on bank transfers and business transfers between the Republic of Azerbaijan and the Russian Federation. The existence of extensive economic relations between Azerbaijan and Russia as a country with more expats from Azerbaijan than any other, and being the main export country for Azerbaijan in the non-oil sector coupled with more than 50% of the volume of remittances of individual persons to the country makes this issue worth necessary...


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