Russian President Medvedev arrives in Turkey for talks focused on energy.

By bne IntelliNews May 12, 2010
Russian President Dmitry Medvedev arrived in Turkey on Tuesday for a two-day visit, aiming at boosting economic relations between the two countries. The delegations from the two sides are expected to sign more than 20 agreements, including energy deals. Energy minister Taner Yildiz says that the agreement on the nuclear power plant will probably be signed on Wednesday (May 12). A source familiar with the matter told daily Milliyet that Russia wants the Turkish state to take more than a 25% stake in the nuclear plant. Other deals on the Samsun-Ceyhan pipeline, the South Stream project and Russian energy company Gazprom's investments in Turkey are also expected. Meanwhile, state minister Zafer Caglayan asserts that the Russian side proposed establishing a joint bank to boost trade between the two countries. On a related note, the Russian officials say that the two sides are also negotiating the price of the natural gas Turkey imports from Russia.

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