ANNOUNCEMENT 10 Oct 2016

On 10 October 2016, the government of Turkey in a press release announced that on 09 October 2016 it had established a joint investment fund with the Russian Federation. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Invest in Turkey (2016) Türkiye ve Rusya arasında Türk Akımı Projesi ve ortak yatırım fonu anlaşmaları imzalandı.
http://www.invest.gov.tr/tr-TR/infocenter/news/Pages/turkey-signs-turkish-stream-deal-establishes-joint-investment-fund-with-russia.aspx

Inception date: 09 Oct 2016 | Removal date: open ended

State loan

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.

AFFECTED PRODUCTS

 
N/A