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Turkey decided to grant Ukraine $50 million worth of credit

Türkiye Materials 20 March 2015 21:40 (UTC +04:00)
Recep Tayyib Erdogan announced that Turkey decided to grant Ukraine $10 million to be used for displaced people in the country, in addition to $50 million worth of credit, "as a sign of strategic partnership and neighborly relations."
Turkey decided to grant Ukraine $50 million worth of credit

Recep Tayyib Erdogan announced that Turkey decided to grant Ukraine $10 million to be used for displaced people in the country, in addition to $50 million worth of credit, "as a sign of strategic partnership and neighborly relations", Anadolu Agency reported.

The Turkish president said he also wanted to increase the mutual trade volume.

"Twelve years ago, it was $1.3 billion. It went up to around $6 billion at the end of 2014. Let's increase it up to $20 billion by the end of 2023," he said, adding that he and Poroshenko decided to "finalize the free trade agreement between the two countries at the earliest," in order to reach these goals.

It is estimated that there are at least 1,150,700 internally displaced people in Ukraine as of March 2015, according to the Geneva-based Internal Displacement Monitoring Centre.

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