The trade turnover between Turkey and Russia in January this year rose for the first time since 2014, reports the agency Anadolu, citing the Turkish Statistical Institute (TÜİK).
In January 2017, the value of Turkey’s exports to Russia increased by 59.1% to $150 million. During this period, the revenue generated by Turkish fruit and vegetable exports to Russia rose to nearly $38 million due to the partial removal of restrictions on the export of Turkish oranges and mandarins.
Meanwhile, Turkey’s imports from Russia in January rose by 10.2% – from 1.3 billion to 1.5 billion dollars. Most of these shipments corresponded to energy (almost 832 million) and steel (279 million dollars).
Trade turnover between Russia and Turkey had decreased since 2014.
The embargo on Turkey, affecting a wide range of vegetables and fruits, as well as raw meat and flowers, was introduced by Russia on 1 January 2016 in response to a Turkish Air Force F-16 fighter jet shooting down a Russian Sukhoi Su-24M in Syria. In October 2016, the Russian government decided to readmit a number of Turkish products, including stonefruits and citrus. Grapes, apples, pears, strawberries, tomatoes, onions and shallots, cauliflower, broccoli and cucumbers are still banned.