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    MOSCOW PROPOSES ELIMINATING TRADE IMBALANCE WITH TURKEY THROUGH RUSSIAN TECHNOLOGIES EXPORT

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    MOSCOW, FEBRUARY 26 (RIA NOVOSTI) - Arkady Volski, president of the Russian Industrialists' and Entrepreneurs' Union, has proposed eliminating trade imbalance between Russia and Turkey at the expense of the export of Russian technologies.

    At the Thursday business lunch of Russian and Turkish businessmen in Moscow, he said that the predominance of fuels and primary materials in Russian shipments to Turkey cannot suit both the sides. The imbalance can be greatly eliminated through a broader use of the latest Russian technologies especially in the building of facilities in Turkey by Russian organizations, Mr. Volsky believes.

    To him, Russian energy companies are ready to participate in building gas pipelines, power stations, dams, power-transmission lines and other facilities in Turkey, while Russian road-building companies could use their wealth of experience in the laying, modernization and electrification of railways, building of bridges and tunnels.

    Many industrial entities in Turkey were built with the assistance of the USSR. Russia is interested in their expansion - the Iskenderun metallurgical plant, Seidishehir aluminum plant, Aliaga oil refinery, sulfuric acid plant in Bandyrm etc., Mr. Volsky said.

    Turkish Foreign Minister Abdullah Gul, speaking up at the lunch, said that the bilateral trade turnover last year stood at 6 billion dollars. The share of Russia in Turkey's export was 3 percent and in import 8 percent. Gul said that in the last two years Turkey has seen a substantial economic growth and "for Russian business a good period has come for making investments in the economy of Turkey".

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