Russia to reach target oil production cut level on April 30 — energy ministerBusiness & Economy April 28, 14:36
Bernie Ecclestone says racing track in Sochi remains among his favorite onesSport April 28, 14:19
Russia ready to provide Hitler’s skull to scrutinize its authenticitySociety & Culture April 28, 14:15
State-run Ukrainian bank launches seizure of ex-president Yanukovich’s assetsBusiness & Economy April 28, 14:05
Russia to upgrade parachute for Ratnik ‘soldier of future’ combat outfitMilitary & Defense April 28, 13:46
Russia's Central Bank reduces key rate to 9.25%Business & Economy April 28, 13:39
Turkey, Russia clinch agreement on S-400 air defense system deliveriesMilitary & Defense April 28, 13:38
Russian forces dazzle Moscow with night rehearsal of V-Day ParadeMilitary & Defense April 28, 13:31
Merkel to discuss Ukrainian crisis, Syria with PutinWorld April 28, 13:25
ANKARA, October 11. /TASS/. Turkey and Russia plan to boost their trade to $100 billion a year, Turkey’s Minister of Economy Nihat Zeybekci said on Tuesday.
"Our goal is to bring bilateral trade up to 100 billion dollars a year. We can reach it in several years," he told Haberturk television channel.
According to the minister, issues of trade and economic relations between the two countries are in focus of a session on the Russian-Turkish intergovernmental commission underway in Istanbul on October 10-12.
Zeybekci told TASS earlier that the two countries will be able to regain former dynamics of trade and economic cooperation when Russia lifts its ban on Turkish imports.
He said that Russia is an important country for Turkey as they are linked by serious relations in the economic sphere. In his words, the use of national currencies might help boost bilateral trade.
According to the Turkish ministry of economy, trade between the two countries stood at $24 billion in 2015 and at $11.2 billion - in the first eight months of 2016.
Russia imposed trade restrictions on Turkey following an incident with a Russian warplane that was downed by the Turkish air force in Syria on November 24, 2015. Thus, Russia banned imports of Turkish vegetables and fruits and restricted operation of Turkish companies.