With their historical, ethnic and cultural ties, and geographical positioning, Turkey and Russia occupy a highly significant position in terms of maintaining global and regional peace, as well as development and cooperation in their respective regions. “The relations between Turkey and
Russia span over 500 years. Throughout this period, their economic, political, historic and cultural bearings have impacted each other, and the other countries and communities with which they have entered into relations.” Stated Özbay, F. in The Relations between Turkey and Russia in the 2000s.
More specifically, the two countries are working together to make their century long geographical and political disputes into a geo-economic partnership. There
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Turkey has been self-sufficient in food production over 40 years, in the year 1989, the total production of wheat was 16.2 million tones.
“Turkish President Abdullah Gul said that Turkey was one of the rare countries whose financial institutions made profits in the last three years at a time of global economic crisis. Turkish economy grew 11% in the first six months of 2010. Turkey is the country in OECD with the biggest growth of economy.” (Website, https://en.wikipedia.org/wiki/Economy_of_Turkey)
Also, worth pointing out is that Turkey is the second most popular tourism place for Russian after Egypt, it indicates the next-to-door friendship between Russia and Turkey.
Economic relation
“Turkey and Russia accumulated quite important experiences in trade and economic cooperation towards the end of the 20th century. In 2008, the trade volume between the two countries reached record height at 38 billion dollars. There are plans to further increase this figure to
100 billion dollars.” The seaside resorts in Turkey are one of the most popular tourism destinations for Russians, it also provides Russians visa-free travel that is why Turkey is attractive for Russian tourists. There are about 4.4 million Russians, including 3.3