The Turkish publication Daily Sabah wrote about what is real and what is not in the relations between Russia and Turkey. Last week, the Kremlin said that Russia was working on a bill that would eliminate the dollar and the euro in trade with the CIS countries and will help to expand the use of national currencies in foreign trade. There is an agreement between Russia, Belarus, Armenia and Kazakhstan that the states will start using their national currencies in trade within the EAEU until 2030. A similar agreement was signed with China.
In turn, President Recep Tayyip Erdogan made a one-day, but very significant visit to Moscow, during which he repeatedly stressed the need to establish trade relations with national currencies. The emergence of a new generation of economies in such countries as Russia, Turkey, Iran and China could be a significant step in the development of the world economy as a whole. Cooperation with Turkey in this matter is important, as the trade potential of the country can have a significant impact on the flowering of a new system of the trade relations.
However, despite significant prospects for economic cooperation between Moscow and Ankara, there is a number of political controversies. For example, Turkey criticized Russia's policy towards Syria and its support for the regime of Bashar al-Assad. But for Turkey, in its turn, it is necessary to overcome the internal contradictions and resolve the conflict with the Kurdish population of the country to prevent the state's economy sinking into recession.
For Turkey, cooperation with Russia could be very promising, since it is obvious that joining the EU is almost impossible. It will be clear how the relations will shape between the two countries after the early parliamentary elections in Turkey. Erdogan has to make a choice: either to become dependent on the West, or to build a partnership with Russia.
The US publication Business Insider wrote that India is ready to invest millions in Iran's economy. India is ready to invest more than $15.2 billion dollars to develop projects in Iran in exchange for cheap gas. India is one of the few countries that continued trade relations with Iran after the introduction of the Western sanctions. New Delhi is the second largest buyer of Iranian oil after Beijing. Back in July, a few days before the historic signing of the agreement on the Iranian nuclear program, President Rouhani invited India to participate in large infrastructure projects, including the development of the port of Chabahar.
India hopes to adopt an agreement on cooperation with Iran in early October, after receiving reports from the ministries. Port Chabahar in the southeast of the Republic of Iran is very important for New Delhi, because due to it, India will get access to Afghanistan, bypassing Pakistan, its main competitor. In addition, the port can serve as a gateway to the Central Asian countries, rich with resources.
After the cancellation of the sanctions against Iran, the Indian leadership hopes to take an active part in the development of the Iranian economy, including oil and gas projects. Such cooperation will be extremely profitable for both countries in terms of strengthening their economic and political positions in the world.
