By John Owen Nwachukwu President Vladimir Putin of Russia and his Turkish counterpart, Recep Tayyip ErdoÄŸan have reached agreement t...
By John Owen Nwachukwu
President Vladimir Putin of Russia and his Turkish
counterpart, Recep Tayyip ErdoÄŸan have reached agreement that Turkey will pay
Russia in rubles for partial gas supplies.
The bilateral talk between the two countries was held in
Sochi and lasted for over four hours on Friday.
Russian Deputy Prime Minister Alexander Novak, who spoke
with reporters after meeting, said “In the process of negotiations, the
presidents agreed that they would start payment in rubles for partial gas
supplies.”
He said the talk was just in its first stage, adding that
part of the supplies will be paid in Russian rubles.
The Deputy Prime Minister said the talks would provide new
opportunities, including for the development of Russian and Turkish monetary
and financial relations.
Novak also said the two presidents reached agreements on
establishing the financial banking bloc “to enable commercial companies,
Russian citizens, to pay during tourist trips and exchange money.”
The two leaders also agreed to hold the next meeting of the
Russian-Turkish High-Level Cooperation Council in Turkey.
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