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Russia-Turkey transition to settlements in national currencies well underway — Lavrov

June 08,2022 20:44

Sergey Lavrov and Mevlut Cavusoglu also discussed developing ties in the trade, economic, and investment spheres

/TASS/. Transitioning to national currencies in mutual settlements between Russia and Turkey is well underway, Russian Foreign Minister Sergey Lavrov said at a press conference after talks with his Turkish counterpart Mevlut Cavusoglu.

“We have a good opportunity to switch to using national currencies for mutual settlements. This process is already well underway. We are also discussing the use of the Russian Mir payment card in Turkey, which will certainly restore tourist flows to pre-pandemic levels. The record was at around 7 million tourists per year, last year this figure was 4 million, and it continues to grow,” he said.

Lavrov and Cavusoglu also discussed developing ties in the trade, economic, and investment spheres. “The trade turnover in January-March in the first quarter of this year doubled and reached almost $14 bln,” he added.

The Russian minister noted that the countries traditionally prioritize the growth of cooperation in the energy sector. “The construction of Turkey’s first nuclear power plant, Akkuyu, is proceeding as planned. Cooperation on the use of the Turkish Stream gas pipeline is developing. All of these actions are being carried out on time and in accordance with the presidents’ agreements,” he said.

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