PROSPECTS FOR THE DEVELOPMENT OF TRADE AND ECONOMIC RELATIONS BETWEEN RUSSIA AND TURKEY IN THE NEW ECONOMIC ENVIRONMENT

Introduction: The purpose of the article is to determine the prospects for the development of trade and economic relations between Russia and Turkey at the present stage. The relevance поставленной of this goal is due to the fact, that Turkey did not join the economic sanctions against Russia and took advantage of the favorable market conditions to increase the supply of priority goods to the Russian market, but the prospects for the development of these relations are currently not clearly defined, as a result of which the aspect requires further in-depth study. Methods: Research methods are analysis and systematization of information, as well as methods of generalization and analogy. Results: The results of the study show that Russia is one of the main suppliers of energy resources for Turkey, and Turkey occupies a unique position as the main supplier of consumer goods, such as textiles, clothing, food, household appliances and electronics. The study revealed significant fluctuations in the share of trade flows between countries depending on the foreign policy situation and economic sanctions, which reflects the high sensitivity of trade to political factors. Available data: The article presents data on trade turnover between Russia and Turkey for the period from 2015 to 2023. Discussion: It is concluded that the development of Russian-Turkish relations is based on mutual benefit, which allows us to judge their further development. Promising areas for the development of trade and economic relations between the two countries are: further development of parallel imports and Turkey's participation in supply chains, increasing the supply of Turkish-made consumer goods to the Russian market, as well as joint cooperation in the field of nuclear energy, including joint construction and commissioning of industrial facilities. In the current political and economic environment, new prospects for deepening Russian-Turkish relations have emerged, including currency cooperation and the development of the infrastructure of trade and economic ties. In the long term, both countries may consider cooperation opportunities in related areas, such as nuclear medicine, the production of isotopes and radioactive materials.

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Journal
Прогрессивная экономика
Published
2024-11-23
DOI
https://doi.org/10.54861/27131211_2024_11_18
Primary Topic
Economic Sanctions and International Relations
Type
article
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article

PROSPECTS FOR THE DEVELOPMENT OF TRADE AND ECONOMIC RELATIONS BETWEEN RUSSIA AND TURKEY IN THE NEW ECONOMIC ENVIRONMENT

Inna V. Ukraintseva, Kulikova I.V.
Прогрессивная экономика
Economic Sanctions and International Relations
article

PROSPECTS FOR THE DEVELOPMENT OF TRADE AND ECONOMIC RELATIONS BETWEEN RUSSIA AND TURKEY IN THE NEW ECONOMIC ENVIRONMENT

Inna V. Ukraintseva, Kulikova I.V.
article en

Abstract

Introduction: The purpose of the article is to determine the prospects for the development of trade and economic relations between Russia and Turkey at the present stage. The relevance поставленной of this goal is due to the fact, that Turkey did not join the economic sanctions against Russia and took advantage of the favorable market conditions to increase the supply of priority goods to the Russian market, but the prospects for the development of these relations are currently not clearly defined, as a result of which the aspect requires further in-depth study. Methods: Research methods are analysis and systematization of information, as well as methods of generalization and analogy. Results: The results of the study show that Russia is one of the main suppliers of energy resources for Turkey, and Turkey occupies a unique position as the main supplier of consumer goods, such as textiles, clothing, food, household appliances and electronics. The study revealed significant fluctuations in the share of trade flows between countries depending on the foreign policy situation and economic sanctions, which reflects the high sensitivity of trade to political factors. Available data: The article presents data on trade turnover between Russia and Turkey for the period from 2015 to 2023. Discussion: It is concluded that the development of Russian-Turkish relations is based on mutual benefit, which allows us to judge their further development. Promising areas for the development of trade and economic relations between the two countries are: further development of parallel imports and Turkey's participation in supply chains, increasing the supply of Turkish-made consumer goods to the Russian market, as well as joint cooperation in the field of nuclear energy, including joint construction and commissioning of industrial facilities. In the current political and economic environment, new prospects for deepening Russian-Turkish relations have emerged, including currency cooperation and the development of the infrastructure of trade and economic ties. In the long term, both countries may consider cooperation opportunities in related areas, such as nuclear medicine, the production of isotopes and radioactive materials.

Прогрессивная экономика(11)
Rostov State University of Economics (RU)
Partnerships for the goals
Openalex Percentile: Top 73%
Economic Sanctions and International Relations
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