Turkey-Russian investment bank to be established

According to news issued by the Voice of Russia radio station, international and bilateral cooperation issues, as well as establishment of a joint investment bank will be discussed during a visit to be paid by Foreign Minister Ahmet Davutoglu to Moscow towards the end of this month. Reportedly, establishing a joint investment bank was previously brought forward during a telephone conversation between Prime Minister Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin. The investment bank to be established aims to provide bilateral projects with financial resource and ensure that joint projects with third countries are actively conducted.