Turkish companies may soon resume work on Russian markets

Turkish companies may soon return to Russian markets of services, transport and tourism on a parity basis, Russian Minister of Economic Development Alexei Ulyukayev said Tuesday, Sputnik writes.

"We are hoping that in the near future we will restore positions in the trade of goods and participation of Turkish companies in the work on Russian markets of services in the tourist and transport sectors on the principle of step-by-step approach, parity and mutual benefit," Ulyukayev said following a meeting between Russian and Turkish leaders in St. Petersburg.

Russia and Turkey agreed on Tuesday to speed up work on creation of a joint investment fund, Ulyukayev said.

"The sides agreed to expedite work on setting up a joint Russia-Turkey investment fund. Russia will be represented by the Russian Direct Investment Fund (RDIF), while the Turkish side will adopt all necessary normative decisions and determine its representative by the end of this month," the minister said.