Novak: Russia and Turkey plan to increase trade turnover to $100 bln per year

Novak: Russia and Turkey plan to increase trade turnover to $100 bln per year

The trade turnover of Russia and Turkey should reach $100 bln in coming years, while it totaled $25.5 bln in 2018, Russian Energy Minister Alexander Novak said at the intergovernmental commission meeting.

The meeting of the Russian-Turkish intergovernmental commission is held today in Turkey’s Antalya.

"The leaders of our countries set an ambitious task - to boost trade turnover to $100 bln," Novak noted. The upside for mutual investments is in such spheres as space, pharmaceuticals and digital technologies, further to traditional industries as agriculture, construction, metals and energy.

Russia and Turkey also seek to increase the share of national currencies in mutual trade from current 34%. Russia has already launched acceptance of Mir banking cards in Turkey, TASS recalls.

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