Moscow - Turkey and Russia have signed a number agreements in energy and trade during President Recep Tayyip Erdoğan's recent visit to Moscow. The most prominent was the memorandum of understanding signed to establish a joint investment fund between the Russian Direct Investment Fund (RDIF) and the Turkish Wealth Fund (TWF), to increase bilateral economic ties and boost investment flow. President Erdoğan announced at a subsequent joint press conference that the capital of this joint investment fund will be $1 billion. Ahead of the e meeting with his Russian counterpart Vladimir Puting, the Turkish leader said that energy cooperation between Turkey and Russia is "increasingly" developing, especially the TurkStream natural gas pipeline project and Akkuyu nuclear power station in southern Turkey. President Putin said he was very happy that the inter-state relations between the two countries are restoring quickly. "Many events have happened, and lately we have been working actively to bring Russian-Turkish relations to the level worth our countries," he added.(FA)
