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Author Topic: Turkey Looks to Increase Trade with Russia to 100 Billion Dollars  (Read 54 times)


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Turkey Looks to Increase Trade with Russia to 100 Billion Dollars
« on: September 01, 2019, 08:48:26 PM »
Turkish President Recep Tayyip Erdogan said that trade exchange between Russia and Turkey should rise to reach 100 billion dollars annually, stressing that the two countries have all the ingredients to achieve this.

 "Trade between our two countries has now exceeded the $ 25 billion level, but our goal is to reach $ 100 billion," he said in a joint speech with Russian President Vladimir Putin at the opening of the Max-2019 air and space exhibition on the outskirts of Moscow.

According to the article, Turkey's exports of defense and aerospace industries in 2018 amounted to more than one billion dollars. From the other article ---
"Turkey has recently drawn the ire of the United States by insisting on the purchase of Russia’s S-400 missile system, a move Washington says will alienate Ankara from its NATO allies."  https://russiabusinesstoday.com/economy/turkey-wants-to-strengthen-ties-increase-trade-with-russia-minister/

Iran isn't being excluded either
Turkey’s leader earlier announced that Ankara is preparing to conduct trade through national currencies with China, Russia, and Ukraine. It has also discussed a possible replacement of the US dollar with national currencies in trade transactions with Iran.

Turkey is committed to deepening relations with Iran to counter US sanctions.
« Last Edit: September 01, 2019, 08:51:42 PM by GlobalAdministrator »