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Strengthening the business partnership between Russia and Turkey was one of the main items on the agenda at a meeting between President Vladimir Putin and Turkish President Ahmet Nejet Sezer at the Kremlin.

Bilateral trade almost doubled in 2005 and reached $15 billion. Russian investment in the Turkish economy now comes to $3.5 billion.

The two countries are actively developing their cooperation in the energy and oil and gas sectors, the transport sector and the chemicals industry and are expanding contacts between their respective business communities.

This economic partnership creates a solid foundation for deepening cooperation between the two countries on the international stage, in regional groupings and in the areas of security, culture and tourism.