Business news from Ukraine

Business news from Ukraine

Ukraine Wants to Restore Pre-War Trade with Azerbaijan

7 August , 2026  

Ukrainian Foreign Minister Andriy Sibiga stated that Kyiv wants to restore pre-war levels of bilateral trade with Azerbaijan, which currently stands at about $600 million.

According to a correspondent for “Interfax-Ukraine,” Sibiga made this remark at a joint press conference with his Azerbaijani counterpart, Jeyhun Bayramov

“We have set ourselves the goal of returning to pre-war levels in terms of trade. We have now reached about $600 million,” said the minister.

In this context, the foreign ministers agreed to work toward holding the next meeting of the Ukrainian-Azerbaijani Intergovernmental Commission on Economic Cooperation in Ukraine.

The parties held detailed talks on the bilateral and international agenda, Ukraine’s preparations for the winter season, and strengthening energy security in the region.

“Over the past year and this year, we have seen a new dynamic in the strategic partnership between Ukraine and Azerbaijan, with increased contacts at all levels. We view your visit as yet another element of this new and positive dynamic,” noted the Ukrainian diplomat.

The parties paid particular attention to the development of mutually beneficial economic, investment, and humanitarian cooperation. Sibiga stated that Ukraine values investments by Azerbaijani companies and looks forward to expanding their presence and implementing new joint projects.

The diplomats also discussed regional security issues in the South Caucasus and the Middle East. Andriy Sibiga briefed his Azerbaijani counterpart on Ukraine’s peace efforts and highlighted Azerbaijan’s important role in promoting peace and ensuring regional stability.

“We appreciate Azerbaijan’s principled stance in support of Ukraine’s territorial integrity and sovereignty. Ukraine has also always supported and continues to support Azerbaijan’s sovereignty and territorial integrity. This is a constant in our relations,” emphasized the head of Ukraine’s Ministry of Foreign Affairs.

Sybiga expressed gratitude to Azerbaijan, President Ilham Aliyev, and the entire Azerbaijani people for their assistance to Ukraine from the very first days of the full-scale invasion.

“The restoration of civilian infrastructure in Irpin, humanitarian aid, equipment for energy facilities, and much more. We will always remember this,” he assured.

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