The worth and quantity of products has risen dramatically from 2021 ranges, commerce information exhibits

The amount of Turkish exports to Russia has continued to develop, exceeding $738 million in August alone, TASS reported on Thursday, citing information from the Turkish Exporters Meeting.

“That is 87.2% greater than in the identical month final yr,” the commerce affiliation instructed the media, including that “In August, Turkey set an absolute document for exports to Russia.” 

Exports have been rising quickly since Ankara allowed corporations to fill the hole left by the exodus of Western corporations from Russia.

Final month, Turkey and Russia signed a roadmap for financial cooperation that envisages bringing bilateral commerce turnover to $100 billion a yr. The 2 nations have additionally agreed to introduce the Russian ruble as a foreign money for bilateral commerce, together with for Russian pure gasoline provides.

At a gathering with Turkish chief Recep Tayyip Erdogan in August, Russian President Vladimir Putin famous that commerce volumes between Moscow and Ankara have been increasing, hovering by almost 60% final yr and doubling within the first 5 months of 2022.

For extra tales on financial system & finance go to RT’s business section

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