19:50 Aug. 9, 2016
Turkey's Erdogan and Russia's Putin restore relationship between the countries
Turkish Stream is a pipeline that will go through the Black Sea to supply Russian gas bypassing Ukraine. Gas is supposed to go to Turkey and then – to Europe. Recep Tayyip Erdogan said at the press conference that Turkey is ready to supply gas to Europe. The project was frozen last November after the crisis with downing a Russian jet.
Turkey also announced it is going to finish constructing its first nuclear plant in Akkuyu. The plant will be built by Russian Rosatom.
In return, Vladimir Putin announced a gradual lifting of sanctions implied on Turkish companies. Turkish goods ban could be lifted till the end of the year. The Russian president also promised to restore charter flights to Turkey. Visa-free travel between Russia and Turkey will be the next topic for discussion.
On August 9 Erdogan and Putin had their first meeting after the ties between their countries were severely damaged in November 2015. On November 15 Turkish air forces downed Russian jet near the Syrian border. As a result, Russia had forbidden its citizens to travel to Turkey, imposed food import ban, restrained Turkish companies from building projects and cancelled visa-free travel.
The situation started to improve after Turkey's Erdogan sent Vladimir Putin a letter. Turkish authorities say president Erdogan expressed regret on the jet incident. Russia says - he apologised for the downing.
Read more Did Erdogan apologize to Putin?