"Russian-Turkish relations have reached a fundamentally new stage. At the moment there are considerable possibilities for a substantial boost in bilateral economic relations," Zeybekci said.
According to the minister, agreements reached during President Putin's visit to Ankara created a "sound foundation for economic partnership," boosting relations between the two nations.
During his visit to Turkey, Vladimir Putin announced the scrapping of Russia's much-touted South Stream gas pipeline in favor of a hub in Turkey. The president has also pledged to increase gas deliveries to Turkey from 16 to 19 billion cubic meters at a six-percent discount starting next year.
During Putin's visit bilateral agreements were made on the use of national currency in money transfers, abolition of transport quotas and the mutual recognition of state accreditation certificates.
Russia was Turkey's second-largest economic partner after the European Union last year, with $32.7 billion in trade volume.
