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Turkish Investors Consider Georgia as One of the Alternative Markets after Russian Embargo

Russian embargo has struck a serious blow to Turkish exports, but this is not thsdaye doom, Mustafa Sitiji, head of West-Mediterranean Exporters Union (BAIB), told Turkish reporters.

“Russia is an important market for Turkey. We want Russian market to be open again. However, Turkey has alternative directions too. Turkish companies continue working with alternative markets, including with Germany, Romania, Ukraine, Belarus, Georgia and Azerbaijan”, Satiji said.

Turkey exports more than 3 million tons of vegetables and fruits a year, the BAIB head said.

“Before Russian sanctions, Turkey used to export 40% of its vegetables and fruits to Russia, while the embargo has shrunk the figure to 20%. However, exporters started seeking alternative markets. Despite Russian embargo, losses of Turkish exporters marked only 7%, he said.