The Current State of Trade and Economic Relations between Russia and Turkey

... become one of the first steps towards normalization of relations between the two countries. Russia, like Turkey, needs to diversify its natural gas transit routes – the former to ensure stable exports to European markets and the latter to achieve energy security. Gazprom.ru Igbal Guliyev: Pipe Dreams: Russia at the Gas Flows’ Crossroads Investments. As Russia’s economy grew rapidly from the early 2000s, Turkey was one of the places Russian capital sought to tap. A breakthrough in investment cooperation took place over the past ten years. Foreign direct investment went both into manufacturing (metals, energy, etc.) and in services (tourism, banking, etc....