Russia-Turkey to normalize bilateral relations; Turkish goods will have access to Russian market

Newsroom24x7 Staff

President of Russia Vladimir Puti with President of Turkey Recep Tayyip Erdogan
President of Russia Vladimir Puti with President of Turkey Recep Tayyip Erdogan

Istanbul: President of Russia Vladimir Putin on Monday reiterated Russia’s resolve to continue making the necessary efforts to completely normalise bilateral ties with Turkey and announced that the Russian Government has decided to give an entire group of Turkish goods access to the Russian market.

Putin was addressing the press after Putin meeting with President of Turkey Recep Tayyip Erdogan following a special session of the 23rd World Energy Congress.

Regarding the Turkish goods that Russia will open its markets, Putin said, these are agricultural products: stone fruit and citrus fruit.

Putin at the World Energy Congress in Istanbul
Putin at the World Energy Congress in Istanbul

This is a mutually beneficial decision, the Russian President said stating further that the Russian agricultural sector does not produce these kinds of fruit, and we expect a price decrease after the Turkish goods enter the market. For our Turkish partners this is, naturally, entry to the Russian market. Let me remind you that sales of these Turkish goods on the Russian market were at $500 million in 2015. Therefore, this is an important decision.

Putin underscored that both Russia and Turkey have agreed to continue working on the complete normalization of bilateral relations, and the intergovernmental commission will get started on this soon. He went on to confirm Russia’s interest in this adding both countries also spoke about cooperation in energy and further work on the Akkuyu Nuclear Power Plant project.

Putin pointed out that this is not simply about the construction of a power plant. This is about the creation of an entire new high-tech energy sector in Turkey with technology transfer and personnel training. Over 200 young future Turkish experts are currently studying in Russia.

Another large project – the Turkish Stream gas pipeline – is also going to take off with the just signing of an inter-governmental agreement and the decision to expand our cooperation on gas discounts.

Putin also announced that both countries are moving towards the implementation of the Turkish President’s plans to establish a large energy hub in the country.

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