Azernews.Az

By Gunay Hasanova

Removal of the Russian embargo on Turkish agricultural products could be delayed for another two months, Anadolu Agency reported with reference to Turkish Minister of Food, Agriculture, and Livestock Faruk Celik.

The minister noted that after the imposition of sanctions on Turkish products Russian consumers were forced to buy Turkish products at a higher price.

"Turkish food was arriving in the Russian market through Belarus and the Balkan states,” Celik said.

The minister also stressed the importance of the recovery of the Turkish-Russian relations soon.

The Turkish side seeks to increase the trade turnover with Russia up to a record figure – $100 billion.

The trade turnover between Turkey and Russia amounted to $8 billion in 1H2016, while this figure was $10-11 billion in the same period of 2015.

Previously, Turkish President Recep Tayyip Erdogan, commenting on results of his visit to Russia, said that Turkey and Russia can use their own national currencies in mutual trade since using national currencies instead of USD will benefit the countries more.

In turn, President Putin said that a session of the intergovernmental commission on trade and economic relations with Turkey will take place in 2016.

“We have to work hard to reanimate trade and economic relations, particularly, to pay attention to increasing investments, trade flows, implementation of promising projects”, he noted.

The crisis in relations between the two countries began after the incident with the downed Russian plane. After the incident, the Russian president signed a decree on measures to ensure national security and launch special economic measures against Turkey.

Later after the months of enmity Russian and Turkish Presidents held a meeting in St. Petersburg which moved the relations to a positive phase.

Both sides stressed that they are aiming to cooperate with each other in different spheres, particularly to increase investments and trade flows.

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