The use of the Turkish lira and the ruble in trade between Russia and Turkey has significantly raised over the past few years, Turkish Trade Minister Omer Bolat has stated.
“The use of the Turkish lira and the ruble in the bilateral trade has been increasing. Turkiye’s exports to Russia in the Turkish lira have grown by 400% and Turkey’s imports from Russia in the lira have increased by almost 150%, whereas the imports in the ruble have gone up by 260%. This year, the energy trade has somewhat decreased as prices for energy products and commodities have gone down in the world,” the minister said Saturday at a meeting of the Russia-Turkey intergovernmental commission on trade and economic cooperation.
Trade between Moscow and Ankara reached a record $68 billion in 2022, the minister continued, adding that it could reach some $56 billion in 2023.
During the commission’s session, Bolat and Turkish Vice President Cevdet Yilmaz met with Russian Deputy Prime Minister Alexander Novak to discuss prospects of the bilateral economic ties.
Heavy rains once again inundated parts of the northeastern Iranian city of Mashhad on Saturday…
Churat Lake is located 10 kilometers from Churat Village in the Chahardange district of Sari,…
3506 Achaemenid inscriptions were delivered to Iran in late September during the Iranian president's visit…
The head of the Atomic Energy Organization of Iran says accelerators in Venezuela’s hospitals have…
The United States is focused on tracking down Hamas chief, Yahya Sinwar, amid a new…
Several US allies within NATO are “inching closer” to sending military forces into Ukraine to…