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Russian and Turkish Prime Ministers meet

13 January 2010 16:09 (UTC +04:00)

Baku â€“ APA. Russia-Turkey trade turnover was reduced by 40 percent due to the world financial crisis, said Russian Prime Minister Vladimir Putin in his meeting with Turkish Prime Minister Recep Tayyip Erdogan in Moscow, APA reports. â€œThe development of bilateral relations between our countries has effective character, but the world financial crisis negatively impacted on this process. The volume of trade turnover between the countries was $35 billion in 2008, but this figure was reduced by 40% last year. Turkey is one of the main partners of Russia and leaves US and Britain behind for this indexâ€.

Recep Tayyip Erdogan said Russia-Turkey relations were diversified in the fields of military, economic and cultural cooperation, â€œThis process is strengthened with political will of both countries. I hope that we will restore the volume of trade turnover and reach $100 billion in the next five yearsâ€.