Russian-Turkish relations: Economic and financial outlook

Abstract

Subject. This article discusses the financial and economic prospects of Russian-Turkish relations. Objectives. The article aims to determine the level of significance of Russian-Turkish relations in the context of their financial and economic perspective. Methods. For the study, I used a systems approach based on the methods of statistical, neural network, and cluster analyses. Results. The article defines the levels of importance of certain financial and economic indicators for ensuring the growth of the Russian economy and Russian-Turkish relations as the potential of gross national savings of Turkey, mediated by a high level of GDP at purchasing power parity in Russia. Conclusions and Relevance. The described level of significance of Russian-Turkish relations, as well as the links between the Russian current account balance and the Turkish volume of exports and imports of goods (services) identified as a financial and economic prospect, will help the Government intensify Russia's cooperation with Turkey. The provisions of the study can help expand the competences of the Government to choose a way to maintain the stability of international economic relations.