The trade turnover between Russia and Turkey could grow to $100 billion

13.03.2017

In case of cancellation by Russia of restrictions on import of Turkish products turnover between the countries is expected to increase significantly

The trade turnover between Russia and Turkey may reach $100 billion if Moscow will lift the economic restrictions of Ankara. This opinion was expressed by President Recep Tayyip Erdogan at a press conference after talks with Russian President Vladimir Putin.

"We expect that Russia would completely eliminate the economic constraints that act against our country. Then there is the probability to reach a trade turnover of $100 billion,"he said.

Recall from 1 January 2016 at the background of aggravation of political relations, Russia imposed a ban on the import of a whole list of agricultural products from Turkey.

In October 2016, Russia partially lifted the ban on Turkish agricultural products and allowed the import of some fruits (stone and citrus).

Also in 2017, the Russian Government lifted the ban on the importation from Turkey of onions, shallots, cauliflower, cabbage, broccoli and salt.


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