Russia and Turkey Sign Multi-Decade Nuclear Deal
Russian President Vladimir Putin began a state visit to Turkey yesterday where he will attend the fifth meeting of the Turkey-Russia High Level Strategic Cooperation Council. Putin has already held meetings with Turkish President Recep Tayyip Erdogan. Despite serious differences on policy towards Syria and Ukraine, both countries will seek to expand economic cooperation and commit themselves to increasing the trade volume between them from the current $35 billion to $100 billion by 2020, according to Hurriyet Daily News.
Ahead of Putin's arrival, Erdogan met Gazprom CEO Alexey Miller on Sunday. Sergei Kirienko, the CEO of Rosatom, Russia nuclear power-producer said Russia is looking forward to 100 years of cooperation with Turkey in the nuclear field, as a result of the fact that Rosatom is building Turkey's first nuclear power station comprising four reactors.
"We are giving 60 years of guarantee for the Akkuyu nuclear plant, but I'm sure that it will have a lifespan of 80-100 years," Kirienko said.