According to Reuters Putin also said he and Erdogan discussed the supply of S-400 missile systems to Turkey.

During several phases of talks today at the Kremlin, the two leaders discussed the whole range of bilateral ties, Putin told a news conference in Moscow.

He recapitulated growth data, with the trade volume rising almost 16% to top $25 billion, and the volume of mutual investments approaching $20 billion.

Following the meeting, the heads of the Russian Direct Investment Fund and Turkiye Wealth Fund signed a pact to establish a joint investment fund to finance important projects.

“Nominal capital is $1 billion, and with such capital it will be able to attract investments of at least $5 billion for various projects,” Putin said.

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