Russia-Turkey yearly trade exchange could reach $100bn

A view of the Bosphorus bridge that links Istanbul's Asian and European sides © Osman Orsal / Reuters

Exchange in the middle of Russia and Turkey could reach $100 billion as joint activities like Turkish Stream and the Akkuyu atomic force plant turn into the motors of financial collaboration, says Russian Agent Outside Clergyman Alexei Meshkov. 

"We will probably accomplish exchange of $100 billion, and it is feasible, in light of the fact that our economies are reciprocal, and a great deal should be possible. Furthermore, obviously, undertakings, for example, the Akkuyu atomic force plant or Turkish Stream ought to be motors of improvement of our exchange and financial relations," he said on Thursday. 

Turkish President Recep Tayyip Erdogan, when meeting President Vladimir Putin a month ago in Moscow, said he needed exchange between the two nations to reach $100 billion by 2023. He noted positive advancement in exchange in the middle of Turkey and Russia, saying it was evaluated to be over $30 billion toward the end of 2014. 
In 2010, Moscow and Ankara consented to an arrangement to build and work the Akkuyu atomic force plant in the Mersin area of Turkey. The $20 billion venture will turn into the first atomic force plant in the nation. Turkey is keen on adding to its own producing limit. The development of the Akkuyu atomic force plant with a limit of 4800 Megawatts will empower Ankara to diminish the expense of force era and vitality costs. The main unit of the force plant is relied upon to be finished in 2020, and be completely authorized in 2023. 

Another significant task for the two nations is the Turkish Stream pipeline which is to convey Russian gas to Turkey through the Dark Ocean. The development of the pipeline which was booked to start in June was deferred as the gatherings neglected to achieve an intergovernmental understanding. 

Turkey does not have individuals approved to consent to the significant arrangements preceding the November parliamentary races, Russia's Remote Pastor Sergey Lavrov said on Wednesday. The concession to the Turkish Stream development may be kept up when the new government is shaped in Turkey, Lavrov included. 
In December, Gazprom and Turkey's Botas marked a reminder of comprehension over the development of Turkish Stream. With a limit of 63 billion cubic meters (bcm) of gas every year, around 16 bcm of that will be utilized by Turkey and the remaining 47 bcm will go to a center point on the Greek - Turkish outskirt to be transported onwards to Europe. The principal line of Turkish Stream will cost $2.9 billion and is required to meet the developing requests of the Turkish market.

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