Russian Energy Minister Alexander Novak said on Wednesday that annual trade volume with Turkey would be increased to $3 billion. “
We have a long way to go. We will use a variety of mechanisms for this,” Novak said at the opening of the 18th joint meeting of the Russia-Turkish Business Council in Istanbul.
He stated that setting up a positive issue regarding bilateral trade and economy with Turkey would be beneficial for both countries' future relations. Referring to the year-long crisis between Ankara and Moscow following a jet downing incident last year, the Russian minister admitted “our relations were restructuring incrementally”.
“[There will be] new agreements on cooperation in economy, culture and science sectors. We are developing our business in new technologies,” he said, adding that a commission for international cooperation would begin its work soon. Russia-Turkey relations seem to be back on the track as Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan signed several agreements in Istanbul this week alongside the 23rd World Energy Congress. Both countries have shared a common view on the Syrian crisis, and stressed on an immediate solution for the humanitarian crisis.