Sberbank Intensifies its Relations with Turkey

Professional ServicesBanks ♦ Published: December 5, 2012; 19:44 ♦ (Vindobona)

In future, the Sberbank of Russia is to step up its activities in Turkey and on December 3, 2012 signed two landmark agreements to this end.

Sberbank Intensifies its Relations with Turkey / Picture: ©

In order to increase exports and optimize trade relations between Russia and Turkey, a trade agreement worth USD 1 billion has been signed between TurkEximbank and the Russian Sberbank. In the coming three years, this amount will be invested in Turkish exports to Russia and other recipient countries. Should a larger requirement materialize, TurkExim will consider further investment that…