South Caucasus, former Soviet Republics, Turkic-speaking countries: Azerbaijan and Russia - who will suffer heavy losses if a trade war breaks out?
1.2 billion dollars at risk: If trade with Russia is interrupted, Azerbaijan may lose 4.4% of its total exports.
How much influence does Russia have? Only 0.8% (3.6 billion dollars) of exports flow to Azerbaijan.
Why has the tension escalated suddenly?
Recently, the incident in which Azerbaijan detained a journalist from Russian State Television's Azerbaijani branch triggered a strong reaction from Russia. Russia condemned the act as politically motivated, leading to a sharp deterioration in bilateral relations.
Currently, several important joint projects between Baku and Moscow have come to a standstill, indicating that bilateral friction is deepening further.
Original article: https://www.toutiao.com/article/1836663937836039/
Statement: This article represents the personal views of the author.