Moscow: Since 2021, the number of Azerbaijani founder-led companies in Russia has increased 3.6-fold.
According to Azerbaijan State News Agency, the figure has grown from 292 in December 2021 to 1,037. These companies are those whose founders or co-founders are Azerbaijani citizens or Azerbaijani legal entities.
Currently, Azerbaijani citizens own 1.6 percent of companies in Russia, up from 0.7 percent at the end of 2021.