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Turkmenistan, Russia eye to create joint ventures in various spheres

Turkmenistan, Russia eye to create joint ventures in various spheres Investment

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Turkmenistan and Russia have discussed the prospects for intensifying the interregional cooperation in various spheres, said the message from Russian Chamber of Commerce and Industry.

The sides focused on the spheres of mechanical engineering, energy, chemical, oil and gas industry, agriculture, textile industry, pharmaceuticals, logistics and finance.

The discussions were held during Russia-Turkmenistan economic forum in Yekaterinburg.

During the forum, Alexander Rybakov, vice-president of Russian Chamber of Commerce and Industry, said that the two countries are interested in using national currencies in payments for export and import operations. Moreover, he emphasized the necessity of creating joint ventures in light industry and agriculture.

Russia holds a leading position among Turkmenistan’s largest foreign trade partners.

Turkmenistan has intensified the cooperation with Russia’s largest regions such as Tatarstan, St. Petersburg, Astrakhan and Sverdlovsk.

However, Russia suspended the purchase of Turkmen gas in 2016.

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