
Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to form a joint investment fund between their two countries.
The two leaders met on the sidelines of the G20 summit in the eastern Chinese city of Hangzhou Saturday.
"We are concluding work on the formation of a Russian-Turkish investment fund," Ulyukaev said. "At the end of August, Turkey made the necessary legislative changes to create a corresponding partner to our direct investment fund – the Turkish sovereign wealth fund."
"I think by some time in October or November we will have a list of projects and allocate a credit line to begin work."
Putin and Erdogan have been working to restore ties between the two former regional allies following the downing of a Russian plane on the Syrian border by Turkish forces last year.
Turkey announced plans for a sovereign wealth fund last month, intended to boost annual growth over the next decade and reassure investors unnerved by a failed coup attempt in July
Source: MENA
GMT 01:03 2018 Wednesday ,24 January
Trump 'imitates' Modi's accent in private conversation: ReportGMT 21:24 2018 Tuesday ,23 January
Puigdemont accuses EU of not defending rights in CataloniaGMT 21:18 2018 Tuesday ,23 January
Vietnam oil exec 'kidnapped' from Germany jailed for lifeGMT 21:08 2018 Tuesday ,23 January
Turkey in new assault on Kurdish militiaGMT 21:04 2018 Tuesday ,23 January
Turkey detains 24 over 'terror propaganda'GMT 20:52 2018 Tuesday ,23 January
Dawoodi Bohra leader arrives in DubaiGMT 22:09 2018 Monday ,22 January
Israel apologises to JordanGMT 16:11 2018 Sunday ,21 January
Pope condemns criminals in crime-stricken Peruvian city

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor