Russian high-tech to strengthen the Turkish economy

At present, Russia is exporting not only energy resources to Turkey but also advanced technology and sophisticated equipment, says Russian economist Natalya Ulchenko.

"In the 60s and 70s, Turkey implemented a large-scale programme of industrialization with the technical and financial assistance of the Soviet Union. Our country gave credits on easy terms, supplied machines and equipment and our experts installed them. Eventually, metallurgical and aluminum factories were built. A thermal power station and power transmission lines were built with Soviet assistance, and this made it possible to supply electricity to the aluminum factory uninterruptedly. Moreover, an oil refinery and chemical factory were built under this programme," says Natalya Ulchenko.

"At present, the two countries are engaged in building high-tech facilities, and Russia is helping Turkey to shift to nuclear power generation. An agreement on the construction of the first nuclear power station in Turkey using Russian technology has been signed by Russian President Dmitry Medvedev after ratification the document by both chambers of the Russian parliament. This has paved the way to carrying out the project and building the power station at the Akkuyu site in the Merina region," says Natalya Ulchenko.

"Applying a new strategy that provides for the construction of nuclear power stations, Turkey is diversifying its energy sector. The construction of nuclear power stations will help the country, which is experiencing a shortage of electricity, to increase its power generation. The “Akkuyu” project is important for both Turkey and Russia. For Russia, this is an opportunity to diversify its cooperation with Turkey. Leaning on the experience gained, Russia will export new high technology to Turkey," Natalya Ulchenko said.     

"Russia’s assistance will help to upgrade the technological potential in the energy consuming sectors of the Turkish economy. Successful cooperation between the two countries in the energy and economic sectors will undoubtedly promote bilateral relations," says Professor Vitaly Melyantsev.

"Having good relations with Turkey, a dynamically developing country, is crucial for Russia. Undoubtedly, further promotion of bilateral relations with our neighbour and a reliable partner will have a favorable impact on the region as a whole," said Vitaly Melyantsev.