Trading operations between Russia and Turkey

Trading operations between Russia and Turkey

In the last few years, Turkey has become one of the most important trading partners for Russia, as the trading volume between the countries exceeded twenty five billion dollars in the past, over a period of one year. Russia continues to be the main import source for Turkey's economy and imports from Russia account for approximately 13% of overall imports. Our patent lawyers will be pleased to offer you services on registration of trademark, the protection of the patent and all your business need.

Despite conflicts, Turkey remains one of Russia's main partners

Russia is surely the most important market for construction services in Turkey and direct investments in Russia have also reached a high level.
Russian firms continue to invest in telecommunications, tourism and energy Turkish sectors. Tourism is one of the main economic fields where the bilateral relations have developed at a very high speed. Turkey's resorts are among the most popular holiday destinations for Russians and thus, Russia is right after Germany in terms of tourist arrivals' volume.
Oil and oil products are also supplied to Turkey by Russia, which according to the Russian embassy was its fourth largest provider in the last couple of years. Russia is also Turkey's largest natural gas and wheat supplier (aside with Egypt).
An important project held by the two countries is the TurkStream pipeline, which is a convenient alternative to Russia's South Stream pipeline for transporting gas to European countries without crossing Ukraine.
Our patent lawyers will be pleased to offer you services on registration of trademark, the protection of the patent and all your business need.
Recent statements of the Russian Economy Minister, imply that Turkey remains one of Russia's most important trading partners and Moscow is trying to minimise the issues that have arisen for Russian and Turkish businesses because of sanctions. The two states continue with their business operations and trading activities, Russia even stating that they do not want to create any issues for Turkish businesses and especially not for their own.


01/28/2016
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