Russia and Turkey resume talks on creating a joint investment Fund, as well as the medium-term programme of cooperation between the two countries, reported today the Minister of economic development Alexei Ulyukayev on the results held in Moscow meeting with his Turkish counterpart Nihat Zeybekci.

Before the crisis Nov 2015 Turkey occupied the eighth place among foreign trade partners of the Russian Federation. The trade turnover between the two countries in 2015 reached $23.4 billion for the most part it was about the export to Turkey of energy resources and metals — $19.4 billion Imports to Russia from this country amounted to $4 billion — machinery and equipment, foodstuffs, textiles. At the end of 2015, after the incident with the Russian plane, the Russian authorities introduced a temporary ban or restriction on the importation of certain types of Turkish goods (in particular, fruits, vegetables, flowers), the employment of Turkish citizens, the Turkish companies of certain works and services (notably construction). Because of these and other sanctions, the trade turnover between the countries has fallen by half over the first half of 2016, compared with $6.2 billion

On 22 July the resolution of the RF government, the Russian-Turkish intergovernmental Commission on trade-economic cooperation was resumed, and now the two countries have to revive the old projects. The largest in the energy sector. This construction of the first Turkish nuclear power plant Akkuyu and the construction of the pipeline "Turkish stream". In addition we will focus on the resumption of organized tourism in Turkey and the lifting of restrictions on food imports from this country.

Today after talks with Nihat Zeybekci Alexei Ulyukayev said that was discussed the return of Turkish companies and workers to the Russian market. "This issue was discussed, and the relevant departments received instructions to start the relevant work",— said Alexei Ulyukayev. Speaking of bradenburg, the Minister noted that Russia is unlikely to withdraw it before the meeting of Vladimir Putin with President of Turkey Recep Tayyip Erdogan in August. "I think it's not so fast, we agreed that this process is gradual and process parity. Not only have Turkish colleagues have any questions for us about the access of their products to our markets, but we also have questions to the Turkish colleagues access our products, especially poultry meat, dairy products," said Mr. Ulyukayev.

Caution the Minister today predicted recovery rates of turnover.

"For five months we have $6 billion, so to say that he quickly resumes to those figures, which were very difficult. Of course, it will grow, but it is difficult to predict the rate of growth",— said Alexei Ulyukayev. As for the future of the "Turkish stream", then it is today will discuss Nihat Zeybekci Minister of energy of the Russian Federation Alexander Novak, the Minister said.