Turkey-Russia Joint Investment Fund to Amount to $1 Bln - Turkish Economy Minister

Sputnik News Service, 09.10.2016

ISTANBUL, October 9 (Sputnik) – Russia and Turkey will contribute 500 million dollars each to the Turkey-Russia Joint Investment Fund, Turkish Economy Minister Nihat Zeybekci said Sunday, adding that the figure may be increased if necessary.

"We have discussed an important topic for both of the countries, namely, the establishment of the [Turkey-Russia] Joint Investment Fund by cooperative efforts of the Russian Direct Investment Fund and Turkish fund of capitals. The first step involves each state’s contribution of 500 million dollars," Nihat Zeybekci told reporters, adding that there is a chance that the figure may be increased in the follow-up.