Azerbaijan-Russia relations have experienced many ups and downs throughout the modern history of both countries, from closing of the borders and accusing each other of supporting separatism to cordial statement of strategic importance. Both countries, however, have been cautious not to cross the point of no return. Russia remains one of the most important economic and political partners of Azerbaijan. Nevertheless, some issues, such as Russia’s continued support of Armenia and procrastination in the resolution of Karabakh conflict have prevented the two countries from becoming strategic partners. Today, Azerbaijan tries to find a fine balance between its own interests and the satisfaction of Russian ones, taking into consideration the results of the Russia-Georgian conflict.