ECONOMIC COOPERATION BETWEEN TURKEY AND RUSSIA AT THE PRESENT STAGE

Abstract

The Russian Federation and the Republic of Turkey are intensifying their bilateral cooperation in the trade and economic sphere, which has a long and ambiguous history. Despite some unfavorable moments, at present it is constantly developing incrementally. The article shows the main directions of economic cooperation between the two countries, as well as trade and investment ties. The authors conclude that on the basis of strengthening national economies, not only quantitative and qualitative development of cooperation between the two countries, which are large economic entities, is taking place, but also a new enclave of globality is being formed, which in the future may have an impact on both regional and global processes. According to the authors, what is happening is a response to the growing volatility of the world economy, as a result of which the rules-based system of the world economy will collapse. The authors applied modern methods of economic research, including statistical, visualization method and positive approach. The article used statistical data from the international database of UNCTAD, as well as analytical data from Russian and Turkish researchers.