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Page last updated at 17:15 GMT, Wednesday, 12 May 2010 18:15 UK

Russia to build Turkey's first nuclear plant

Russian President Dmitry Medvedev and Turkish President Abdullah Gul
The two countries want to double bilateral trade in five years

President Dmitry Medvedev has agreed a deal under which Russia will build Turkey's first nuclear power plant.

Russia will have a controlling stake in the plant, which is likely to cost $20bn (£13.5bn) and is to be built on Turkey's Mediterranean coast.

It was one of several agreements struck by Mr Medvedev during a visit to Ankara, the Turkish capital.

Both countries said they wished to improve trade links, lift visa conditions and boost energy projects.

"We share a determination to increase the trade volume from a current $38bn to $100bn in five years," Turkish President Abdullah Gul said after hosting talks with Mr Medvedev.

Turkey is aiming to reduce its dependence on foreign energy supplies, but at the same time be a hub through which oil and gas producers can ship their supplies to Europe.



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