
Turkish President Recep Tayyip Erdogan signed a law on ratification of an agreement between Turkey and Russia on the implementation of the Turkish Stream gas pipeline project. Thus, the law published in the official government messenger Resmi Gazete entered into force.
The day before, Turkish Prime Minister Binali Yyldyrym recalled the ratification of the agreement by parliament. “As you know, last week our parliament at the General Assembly ratified the agreement on the implementation of the Turkish Stream project. Now we are waiting for the State Duma will do the same,” he said.
President Vladimir Putin reported the idea of laying the Turkish Stream in December 2014 . He explained that the implementation of the previously planned South Stream project is impossible due to the position of the European Union. It was decided to redirect Russian energy resources to other markets, Putin said.
However, the signing of the agreement between Russia and Turkey was constantly postponed. After the deterioration of relations between the countries due to the incident with the Russian bomber Su-24, shot down by the Turkish Air Force, negotiations on the "Turkish stream" were completely suspended .
When relations between the two countries normalized, the discussion of the project resumed. On August 8, Erdogan said that Ankara is ready to immediately take all the necessary steps to implement this project.