OREANDA-NEWS. April 29, 2011. Azerbaijan-Ukraine Cooperation Action Plan signed in Baku yesterday by two countries’ heads Ilham Aliyev and Viktor Yanukovych will be realized on new principles.

The Ukrainian leader claimed that both states’ joint investment projects will be implemented on the principle of 50% to 50%.

"Bilateral projects will be financed jointly as well. This means that objects to be built by us – it does not matter on what territory it will happen - will be the joint property of our countries - Azerbaijan and Ukraine. This is the highest level of confidence, and certainly I think that the efficiency will increase even more if we initially co-design and then implement them,” President Yanukovych said.

At that, the sides did not disclose fields for joint investments. Ukraine, meanwhile, has a debt to Azerbaijan accumulated for the last 10 years. The Ukrainian party cannot repay this debt not exceeding USD 31 million.