Turkish president intends to increase the trade turnover with Russia, including up to a record figure – $100 billion. He made this statement on the results of negotiations with Russia’s President Vladimir Putin Aug. 9 in St. Petersburg.
“We reached the trade turnover of $35 billion, but after the November 2015 events it dropped to $28 billion, then even lower,” said Erdogan. “We have such a mechanism as the higher level of cooperation, which involves the strategic cooperation between the two countries.”
“We had a goal to achieve the turnover of $100 billion,” he added. “It is topical and we again want to achieve it with the help of this mechanism.”
The trade turnover between Turkey and Russia amounted to $8 billion in 1H2016, while this figure was $10-11 billion in the same period of 2015.
Turkey’s trade turnover with Russia totaled $23 billion in 2015, according to Turkish Statistical Institute.
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