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Russian President Vladimir Putin signed a law on the ratification of an agreement between Russia and Azerbaijan, which envisages cooperation in provision of pension.

The law was posted on the official website of Russia’s legal information, Kommersant newspaper reported.

The agreement was signed on April 26, 2022 in Baku, the capital of Azerbaijan.

Under this document, the two parties have agreed to share the financial responsibility of Russia and Azerbaijan for providing insurance coverage of pension rights acquired in their territories.

The agreement applies to all types of insurance and social pensions.

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