V. Putin: Dear Mr. President! Ladies and Gentlemen! We have just completed the main part of the talks with the President Erdogan. It is clear that this meeting is very important for the further fate of the Russian-Turkish relations. We had substantive and – I would like to emphasize –constructive dialogue on the various aspects […]
The Turkish Stream project was parked late last year due to the dispute between Moscow and Ankara after Turkey shot down a Russian warplane in Syria. However, with a thaw in relations the project is expected to be given another life.
The pipeline was announced by President Putin in December 2014 during a visit to Turkey. The project was to replace the abandoned South Stream pipeline through Bulgaria.
The Turkish Stream pipeline is intended to deliver gas from the Russian Black Sea coast to Turkey and on to Greece.
Initially, Russia’s Gazprom wanted to deliver 63 billion cubic meters of gas per year. Later the capacity was cut to 32 billion cubic meters. Turkey would take about 14 billion cubic meters, with the rest going to Europe.
The two sides also decided to continue with Turkey’s first nuclear power plant at Akkuyu. The agreement to build four 1,200 MW reactors at a total project cost of $20 billion was signed in May 2010. Before relations between the countries deteriorated, the first reactor was planned to be commissioned in 2022.
President Putin also said Russia intends to resume charter flights to Turkey, as Ankara has provided security guarantees for Russian tourists.
“We have considered the possibility of the resumption of charter flights. It’s a mere formality and time,” said Putin.
The Russian President added that the number of Russian tourists visiting Turkey will soon return to pre-crisis levels, and that the sale of tour packages to Turkey resumed in June. On Tuesday, it was reported the number of Russian tourists visiting Antalya has plummeted 97 percent this year.
In February, Russia’s Ambassador to Turkey Andrey Karlov said Turkish exports to Russia fell by two-thirds soon after the jet incident. In November 2015, a Russian pilot died when his plane was shot down over Syria by a Turkish fighter.
Following the incident, Moscow introduced a package of economic measures against Ankara – a visa regime, travel ban, as well as an embargo on agricultural products and on hiring Turkish nationals. All major projects were also frozen.
AFP TOKYO: Japan summoned China’s ambassador Tuesday (Aug 9) after the country’s ships were spotted near disputed East China Sea islands for a fifth straight day. Foreign minister Fumio Kishida called in Cheng Yonghua, Beijing’s envoy to Tokyo, the foreign ministry said – the second such summons since Friday. “The situation surrounding the Japan-China relationship […]
Aug 8 – Vladimir Putin, President of Azerbaijan Ilham Aliyev and President of the Islamic Republic of Iran Hassan Rouhani held a trilateral meeting. The presidents signed a declaration confirming their commitment to promote cooperation. [kremlin.ru] Effective today, the European stock market index, Stoxx Europe 50, simply removed Deutsche Bank and Credit Suisse from […]
WASHINGTON (Reuters) – Recent satellite photographs show China appears to have built reinforced aircraft hangars on its holdings in the Spratly Islands in the disputed South China Sea, a Washington-based think tank said on Monday (Aug 8). Pictures taken in late July show the hangars constructed on Fiery Cross, Subi and Mischief Reefs in the […]