RUSSIA, TURKEY SIGN JOINT STATEMENT ON LIFTING TRADE RESTRICTIONS

Istanbul – Russia and Turkey have signed a joint agreement on lifting mutual trade restrictions on the sidelines of the Organization of the Black Sea Economic Cooperation (BSEC) summit on Monday.

According to the Turkish Anadolu news agency, the document was signed by Deputy Premier Mehmet Simsek and Russian Deputy Premier Arkady Dvorkovich aims to normalize and develop economies, and enhance the current trade volume between Russia and Turkey.

The BSEC was formed on June 25, 1992, as a multilateral political and economic initiative aimed at peace, stability and prosperity in the region. It has 12 members, including Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey and Ukraine.

Source: Qatar News Agency