Moscow and Ankara will maintain and enhance their bilateral political dialogue in the coming year, Russian President Vladimir Putin said in his New Year’s message to his Turkish counterpart President Recep Tayyip Erdoğan.

Vladimir Putin sent Christmas and New Year 2024 greetings to foreign heads of state and government.

“In the upcoming year, Moscow and Ankara will further enhance their productive collaboration in diverse fields and bilateral political discourse for the advantage of fraternal nations, fortifying security and stability on the Eurasian continent,” Putin expressed in his New Year greetings to Erdoğan.

Tourism, energy and trade

Russia, has been one of the most important trade partners of Türkiye. According to the Turkish Ministry Of Foreign Affairs; trade volume between two states has reached 26,309 billion USD in 2019, with Türkiye’s 3,854 billion USD worth of exports and 22,454 billion USD imports. Total number of 1972 projects with a total value of over 75,7 billion dollars have been realized so far by the Turkish contractors in Russia, while reciprocal investments have reached 10 billion dollars each.

Energy constitutes one of the most important elements of relations between Türkiye and Russia. With TurkStream and Akkuyu Nuclear Power Plant projects, cooperation in the field of energy is being carried further with Russia, which is among our leading energy suppliers. TurkStream Natural Gas Pipeline has been inaugurated on 8 January 2020.

Cooperation in the field of tourism between Türkiye and Russia constitutes another important aspect of bilateral relations. With more than 7 million Russian tourists in 2019, a new record was broken. Russian tourists are the first among the tourists visiting Türkiye in recent years.