Putin looks to extend economic ties with Turkey as he hosts Erdogan in Sochi

Moscow is in search of a deal to strengthen financial cooperation with Ankara, Russian President Vladimir Putin stated on Friday as he hosted his counterpart Recep Tayyip Erdoğan within the southern metropolis of Sochi. 

The assembly happened because the Kremlin's invasion of Ukraine continued properly into its sixth month.

"I hope that as we speak we are able to signal a memorandum on strengthening our financial and commerce ties," Putin stated firstly of the assembly with Erdoğan, broadcast on Russian tv.

The Kremlin chief thanked the Turkish president for his efforts to succeed in an settlement between Moscow and Kyiv on the supply of grain from Ukrainian Black Sea ports.

"Due to your direct involvement and the mediation of the UN Secretariat, the issue of Ukrainian grain deliveries from the Black Sea ports has been resolved. Deliveries have already began, and I wish to thanks for that," he stated.

Greater than a dozen cargo ships have been nonetheless ready to go away the Ukrainian ports on Friday, and though cautious of any cope with Putin and the Kremlin, the Kyiv authorities have been calling for the deal to be prolonged to different commodities, reminiscent of metals.

Russia focused the port metropolis of Odesa and different coastal areas of Ukraine sooner or later after the UN- and Turkey-mediated grain exports deal between the 2 belligerents in Istanbul on 22 July, fueling fears that Moscow might additional goal the cargo ships on their approach out of the Black Sea.

Putin additionally highlighted Ankara's function within the transit of Russian fuel to Europe by way of the TurkStream pipeline. "European companions must be grateful to Turkey as a result of it ensures the uninterrupted transit of Russian fuel," Putin stated.

For his half, Erdoğan stated he hoped his assembly with Putin would "open a really totally different web page in Russian-Turkish relations", including that delegations from each nations had held "very productive" talks, together with on commerce and tourism.

The Turkish president additionally stated he needed to speak to his Russian counterpart about Syria, the place Ankara is threatening to launch a navy operation towards Kurdish teams it calls "terrorists", which Moscow opposes.

"Discussing developments in Syria on this event will assist calm the area. Our solidarity within the battle towards terrorism is essential," Erdoğan stated.

The Turkish head of state additionally stated he needed to make sure that the development of the Akkuyu nuclear energy plant by Russian nuclear large Rosatom in southern Turkey would respect the "mounted timetable," whereas a dispute dangers inflicting delays on this mega-project.

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