Russia and Turkey agree to switch to ruble-denominated trade – Erdogan

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    Turkish President Recep Tayyip Erdogan said that during a meeting in Sochi with his Russian counterpart Vladimir Putin, Ankara and Moscow agreed to switch to bilateral trade in rubles.

    According to the Turkish leader, this decision is beneficial for both sides.

    “At a meeting in Sochi with respected Putin, we agreed on the ruble as a unit in trade. Since we will make our trade in rubles, this will, of course, become a serious source of income for Turkey and Russia,” – TASS quotes Erdogan.

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    He also said that he discussed with the Russian president the circulation of the Mir card in Turkey and there is serious progress in this matter – five Turkish banks are already working on this.

    Thanks to this work, Russian tourists can use this bank card to make purchases and pay for hotel accommodation.

    The head of state stressed that Ankara would continue to provide all possible support to those who want to invest in the Republic of Turkey.

    Recall that on August 5, Russian President Vladimir Putin held talks in Sochi with his Turkish counterpart Recep Tayyip Erdogan. The meeting lasted four hours, following which the leaders adopted a joint statement.

    Erdogan said Turkey and Russia have confirmed plans to increase trade to $100 billion annually. The Deputy Prime Minister of Russia Alexander Novakannounced the start of partial payment for Russian gas supplies in rubles.

    As reported EADailyin Turkish society, they positively perceived the decision of the presidents of Russia and Turkey on the gradual transfer of mutual settlements to national currencies.

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