ANNOUNCED AS TEMPORARYNo
The Turkish government in a press release announced that on 09 October 2016, it established a joint investment fund with the Russian Federation. The endowment capital of the investment fund was set at USD 1 billion (with both Turkey and the Russian Federation each providing USD 500 million towards the establishment of the fund).
The core scope of this fund is to boost trade relations between Russian Federation and Turkey in the sectors of tourism, energy, agriculture, and transport.
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