Russia Satisfied with $50Bln Annual Trade with Turkey, Aims for $100Bln
Quick Look
Russia's Ambassador to Turkey, Sergey Vershinin, expressed satisfaction with the current $50 billion annual trade volume between Russia and Turkey, noting the strategic goal to increase this to $100 billion annually.
AI-generated summary
Why It Matters
Russia and Turkey have been strengthening economic ties despite international pressures.
ISTANBUL, July 24. /TASS/. Russia is satisfied with the development of trade and economic relations with Turkey, Russian Ambassador to Ankara Sergey Vershinin said, adding that the volume of trade between the two countries stands at around $50 bln annually. "We are very pleased that Russian-Turkish economic ties are developing successfully. Currently, the volume of bilateral trade stands at $50 bln per year. Naturally, this is not the limit," he said in an interview with the Haberturk TV channel. Moscow and Ankara have repeatedly stated that the strategic goal of the two countries is to bring the volume of trade between them to $100 bln per year.
What to Watch
AI outlook — possibilities, not facts
Trade volume between Russia and Turkey will increase by at least 20% within the next 18 months.
Likely · Within months
Open Questions
- Specific sectors expected to drive the trade increase
