Ankara to Increase Investments in Russia's Republic of Tatarstan - Turkish PM

© AP Photo / UncreditedTurkey's Prime Minister Binali Yildirim addresses lawmakers at the parliament a day after he announced the details of an agreement reached with Israel.
Turkey's Prime Minister Binali Yildirim addresses lawmakers at the parliament a day after he announced the details of an agreement reached with Israel. - Sputnik International
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Turkish Prime Minister Binali Yildirim said Wednesday Ankara would increase investments in the Russian Republic of Tatarstan and expressed hope for the increase in turnover with the region in the light of the improvement of the relations between Moscow and Ankara.

Russian Economy Minister Alexei Ulyukayev who was detained by law enforcement officials on corruption charges, attends a hearing at the Basmanny district court in Moscow, Russia, November 15, 2016. - Sputnik International
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KAZAN (Russia) (Sputnik) – Tatarstan is creating all the necessary conditions for businesses, which makes it attractive for Turkish investors, Yildirim stressed.

"The investments in Tatarstan will be increased even more during the restoration of the Russia-Turkey relations, [during] the relations’ normalization. The turnover amounted to [$]500 million in 2014, [but] dropped over the past year. Let’s hope that we will use the existing opportunities and increase the turnover," Yildirim said at the Turkey-Tatarstan business forum held in the republic’s capital Kazan.

Yildirim arrived Tuesday on his first official visit to Russia at the invitation of Russian Prime Minister Dmitry Medvedev.

Russian-Turkish relations deteriorated after the downing of a Russian military plane by a Turkish fighter jet in Syria on November 24, 2015. Moscow imposed a number of restrictive measures on Turkey in response to what Putin then described as a "stab in the back."

Amid bilateral tensions, visa-free travel of Turkish citizens to Russia was also abolished.

Following Turkey's official apology in June, Russia stated gradually lifting the restrictions it had imposed against Turkey.

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