The Port of Baku Facilitates Trans-Eurasian Commerce
By Vusal GULIYEV, Policy Advisor at the Center of Analysis of International Relations and Head of Shanghai Office at AZEGLOB Consulting Group
In December 2024, Azerbaijani President Ilham Aliyev authorized a $12 million investment into the Port of Baku to initiate the second phase of its expansion. This phase aims to increase the port’s annual cargo capacity from 15 million to 25 million tons. The region’s ongoing geopolitical instability, largely due to Russia’s full-scale invasion of Ukraine and the ensuing Western sanctions, has disrupted its established trade routes. These geopolitical upheavals underline the importance of Azerbaijan’s position between Europe and Asia as a transit state via the Port of Baku. Azerbaijan’s flagship port is capitalizing on its strategic location along the Silk Road to become a key hub for east–west connectivity. READ MORE
| Markets | The Caucasus and the Black Sea
