Putin and Erdogan launch construction of Turkey's first nuclear reactor

Putin and Erdogan launch construction of Turkey's first nuclear reactor

The nuclear plant which will be built on the Mediterranean coast is expected to cost approximately $20 billion.

Erdogan and Putin met eight times a year ago and regularly speak on the phone. When Akkuyu starts operating with all its reactors we will cover 10% of our country's electrical needs.

Erdogan said: "The power plant will contribute to our energy security and also play an important role in the fight against climate change".

The Interfax news agency cited the head of Rosatom saying the sale of the 49 percent stake was likely to be postponed from this year until 2019.

Turkey and Russian Federation have put aside their traditional rivalries and differences on regional issues to forge strong economic ties.

Turkish troops are in preparation for moving against new targets outside the country's borders, President Recep Tayyip Erdogan has said.

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Erdogan, who in 2017 held eight face-to-face meetings with Putin and has already spoken to the Russian leader seven times by phone this year, has said that Ankara will not act against Moscow "based on an allegation".

At a press conference in Ankara, Putin announced that Russian Federation would push forward its delivery dates for the S-400 defense systems, which have been due after a contract was signed between the two countries in December, despite objections from Turkey's North Atlantic Treaty Organisation allies. 'This marks a new stage in the development of Turkey's economy'.

Russian Federation and Turkey — along with Iran — are also working together to create "de-escalation zones" to reduce the fighting in Syria and bring the sides of the conflict together to negotiate Syria's future.

Putin asserted that Russian partners would encourage Turkey's small- and medium-scale companies to participate in this project.

Terrorists could run away to Afrin and Sinjar in northern Iraq, but they could not hide from Turkish forces, said Erdogan. All three countries are heavily involved in the war-torn Arab state and now sponsoring peace efforts to bring the conflict to an end.

The two countries are also building the TurkStream pipeline, estimated to be worth more than $12 billion, to transport Russian gas to Turkey.

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