The foreign Ministry of Turkey has allowed the increase of the turnover with Russia to $100 billion

The trade turnover between Russia and Turkey may reach $100 billion, says Turkish foreign Minister Mevlut Cavusoglu. About this he wrote in a column for the newspaper “Kommersant”.

Cavusoglu recalled that in early 2000-ies the volume of trade between Ankara and Moscow was at the level of below $5 billion, but later reached the level of $40 billion. “we Have all opportunities and necessary potential to work to increase this figure to $100 billion, because our economies are complementary,” the Minister said. He noted that a significant proportion of the turnover of energy that Russia exports to Turkey.

In 2014, the trade turnover between Russia and Turkey amounted to $31 billion In 2015, it fell to $23 billion, said Russia’s Ambassador in Ankara, Andrey Karlov. That Moscow and Ankara plan to increase turnover to $100 billion, the Ministry announced in March 2015. The first Deputy Minister Alexey Likhachev noted that this should happen by 2020.

In his column for “Kommersant” Cavusoglu also talked about the “great importance” for the two countries cooperation in the spheres of construction and tourism. In addition, Moscow and Ankara have an important mutual investment exceeding $10 billion, he said. “We must not forget human relations: registered tens of thousands of mixed marriages, from which was born the whole generation of children. In my opinion, this is the most important investment in the future of Turkish-Russian friendship,” said Cavusoglu. Other collaborative achievements, he mentioned the creation of a Council of high level cooperation and the organization of black sea economic cooperation.

The tension between Russia and Turkey particularly affected the citizens of these countries, says the foreign Minister. He noted that Ankara had no doubt that the country will overcome these difficulties. “We are strongly convinced: today Turkish and Russian peoples expect from us that we will be able to learn from past experience and to look forward. We sincerely strive to meet these expectations, jointly build a common future,” concluded çavuşoğlu.

On 29 June the President of Russia Vladimir Putin and Turkish leader Recep Tayyip Erdogan held telephone talks, the results of which Putin instructed the government to begin restoration of relations with Turkey. 30 June, Prime Minister Dmitry Medvedev instructed the Ministers to submit their proposals for the lifting of sanctions against Ankara. This wives the day Putin signed a decree lifting the ban on the sale of tours to Turkey. He also instructed to study the question of lifting the ban on Charter air transportation. The decree States that Turkey and Russia should hold talks on the basis of which the government will make a proposal for changes to the duration or nature of sanctions against Ankara.