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Saturday, August 09, 2014

Turkey to benefit from EU-Russia row: Minister - ECONOMICS

Turkey to benefit from EU-Russia row: Minister

The crisis that Russia is facing with the West may present Turkey new opportunities, according to Economy Minister Nihat Zeybekci.

“Amid the deadlock between Russia, Ukraine, the European Union and the United States, we will carry our interests to the peak while [remaining] closer to Russia,” the minister said during a recent interview with a group of journalists. “We will gain advantages from that.”

The Russian embargo on U.S. and European goods was launched in retaliation against U.S. and European sanctions over Russia’s alleged role in eastern Ukraine separatist violence.

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