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Russia: Joint 'Russian-Turkish investment fund' on the table - Ulyukayev
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26.07.2016
Russian Economic Development Minister Alexei Ulyukayev met with Turkish Economic Minister Nihat Zeybekci in Moscow on Tuesday. The two sat down in bid to mend relations between the countries after Turkey shot down a Russian jet last November.
After the meeting, Ulyukayev told journalists that the process of forming the legal frameworks for bilateral business ties had been interrupted. Among those that require updating, he named a "medium-term programme for trade and industrial cooperation; an agreement regarding the liberalisation of services and investments; and the creation of a joint Russian-Turkish investment fund."
Talking about the lifting of the food embargo, Ulyukayev said it "would be a step-by-step" process, as both countries still have unresolved issues regarding access to each other's market.
Ulyukaev underlined that security issues had been discussed as well. He said Russia demanded "guarantees of security of our citizens" because of the recent attacks in Turkey.
Turkish President Recep Erdogan is scheduled to travel to St. Petersburg on August 9 in a bid to promote the normalisation of relations.
After the meeting, Ulyukayev told journalists that the process of forming the legal frameworks for bilateral business ties had been interrupted. Among those that require updating, he named a "medium-term programme for trade and industrial cooperation; an agreement regarding the liberalisation of services and investments; and the creation of a joint Russian-Turkish investment fund."
Talking about the lifting of the food embargo, Ulyukayev said it "would be a step-by-step" process, as both countries still have unresolved issues regarding access to each other's market.
Ulyukaev underlined that security issues had been discussed as well. He said Russia demanded "guarantees of security of our citizens" because of the recent attacks in Turkey.
Turkish President Recep Erdogan is scheduled to travel to St. Petersburg on August 9 in a bid to promote the normalisation of relations.
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