Azerbaijan Railways (51%) and Russian grain and agribulk rail freight operator Rusagrotrans (49%) have established a joint venture company in order to provide rail freight services between Russia, Azerbaijan, Iran, Georgia and Turkey.
Tabriz, East Azerbaijan prov, Sept 4, IRNA – Managing Director of the of the provincial organization in charge of state-run commerce Ali Qanbari said East Azerbaijan played a pivotal role in promoting trade with Turkey.
The Russian Direct Investment Fund (RDIF) and the Turkish investment holding Ronesans Holding have agreed to expand their investment cooperation. According to RDIF, the potential amount of investment within the partnership between the companies may top $200 mln from each side.
Specialists from Russia’s ministry of transport, transport watchdog Rostransnadzor and air transport authority Rosaviatsiya will discuss a whole range of issues, including security at Turkey’s airports, with their Turkish partners on August 3-5, Russian Minister of Transport Maxim Sokolov said on Tuesday.
A London tribunal dismissed claims against Russian billionaire Mikhail Fridman from the founder of Turkcell, Fridman’s company said on Monday, marking a possible breakthrough in a decade-long battle for Turkey’s top mobile operator. Fridman has been locked in a legal battle for control of the company with another shareholder, Mehmet Emin Karamehmet, one of Turkey’s richest men. The dispute prevented some dividends from being paid and has hampered the company’s development.
After initiating the normalization of relations between Turkey and Russia, the two countries held high-level ministerial talks in Moscow to enhance the cooperation in energy, agriculture, tourism and foreign trade
Economy Minister Nihat Zeybekci said relations between Turkey and Russia have rapidly moved from winter to spring during the G20 Trade Ministers Meeting held in Shanghai, China, adding that officials will organize a grand opening in Kazan at the end of this month with Turkish and Russian ministers in attendance, stressing that the Turkish Stream and nuclear energy projects are gaining momentum.
President Vladimir Putin on Wednesday lifted travel restrictions to Turkey and ordered trade normalized after he mended ties with counterpart Recep Tayyip Erdogan in their first call since Ankara downed a Russian jet.
Russian energy major Gazprom says it’s ready to attract long-term financing for the Turkish Stream pipeline project. The pipeline will deliver natural gas from Russia to Turkey and potentially onwards to Southern Europe.