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

... 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.). According to Turkey’s 2015 balance of payments data, Russia accounted for 6.2% of its total foreign direct investment and for around 1% of outbound external investment . Examples of projects that have already been completed ...