Türkiye looks to enhance strategic co-op with Russia in key sectors

Türkiye looks to enhance strategic co-op with Russia in key sectors

Strategic cooperation between Russia and Türkiye is feasible in some fields, and the latter seems to be to boost the collaboration within the spheres the place the “mutual capabilities are strong,” in response to a senior official.

“There is a strong investment interest from Russia in Türkiye. Strategic cooperation with Russia is possible in some areas as well. We want to increase collaboration in areas where our mutual capabilities are strong,” Industry and Technology Mehmet Fatih Kacır informed reporters on Wednesday.

Answering questions of reporters following the Cabinet assembly, Kacır touched upon President Recep Tayyip Erdoğan’s current contacts with Russia, throughout his go to to the Black Sea resort of Sochi the place he held talks along with his Russian counterpart Vladimir Putin.

“Russian businessmen have significant investments in Türkiye. They also have substantial investments in the industrial sector. These investments will continue. Like in many other countries, we will continue to encourage and support them,” Kacır famous.

Türkiye and Russia have loved rising ties in a number of areas, together with vitality and bilateral commerce, which each international locations search to additional improve.

Erdoğan additionally positioned himself as a mediator between Ukraine and Russia because the outbreak of the conflict in Ukraine, and most lately actively engaged in persuading Russia to revive the landmark Black Sea Grain initiative.

Brokered by Türkiye and the U.N., the deal was seen as important for world meals provides, particularly in Africa, the Middle East and Asia enabling the export of grain from Ukrainian ports.

Russia pulled out from the accord in mid-July citing considerations over restrictions on transport and insurance coverage that hampered its agricultural commerce.

Talks between the 2 leaders on Monday marked the primary assembly between them since Erdoğan’s reelection for a 3rd time period as president in May. Erdoğan was accompanied by a big delegation that included Türkiye’s protection, international, vitality and finance ministers.

Erdoğan mentioned his authorities needed to spice up annual commerce with Russia to $100 billion from $62 billion, including that he supported Moscow’s push to modify part of that commerce into Turkish liras and rubles.

“I believe that switching to local currencies is extremely important in bilateral relations,” he mentioned.

For his half, Putin mentioned the 2 leaders had upgraded ties between the 2 international locations to a “very good, high level.”

Putin additionally touched on the subject of vitality, mentioning a proposed institution of a Russian fuel hub in Türkiye and the development of the primary nuclear energy plant, Akkuyu, wherein Moscow is actively concerned.

President Erdoğan on Monday conveyed his perception {that a} new proposal bundle that has been ready in consultations with the U.N. to handle Russia’s considerations over the Black Sea Grain Initiative, which helped ease a meals disaster, would yield constructive outcomes “in a short time.”

“Revitalization of the initiative is a priority for the whole world,” Erdoğan informed reporters late on Monday aboard the presidential aircraft throughout his return from Russia. “We are in close contact with the U.N. on this issue.”

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