Russian Government source (Rossiyskaya gazeta) resulting RF PM Vladimir Putin's visit to Turkey, informs that Turkey has consented to both South Stream to be routed through its waters and participate in the project. Terms and conditions of involvement in the project are not specified yet. Russian experts to launch research of Black Sea ground in the near future.

Cooperation in nuclear energy sector was another key subject in Russian-Turkish talks. Putin and Erdogan discussed Turkey's first Nuclear Power Plant construction with Russian experts’ involvement. The NPP will consist of four 1200 MW capacity blocks. The energy will be offered at fixed price till 2030, thereafter to be adjusted according to the market price. The plant will start to generate energy in July 2016. Consortium comprising AtomStroyExport JSC, Inter RAO UES of Russia and Turkish holding Ciner Group estimates the project at U.S.$21bn to be repaid by end 2030.

South Stream pipeline will transport Russian gas to the Black Sea, Bulgaria and further to Italy and Austria, reducing dependence on Ukraine and other gas transit countries. The completion of 63bn c.m./year pipeline is due by 2013. South Stream AG, equally owned by Gazprom and Eni, (registered in Switzerland) implements the marketing and technical studies for the project. Turkey being in Nabucco project (signed July 13, 2009 with Austria, Hungary, Bulgaria, and Romania) also sealed a rival South Stream deal," NEWS.am recalls.

At the August 6 meeting, Putin and Erdogan also discussed Blue Stream-2 gas pipeline projected to expand to Israel, Samsun-Ceyhan oil pipeline project, and Russian-constructed gas storage facility on the bottom of Lake Tuz Golu.

As of 2008, Russian-Turkish trade turnover volume jumped to U.S. $34bn, exceeding the 2007 indexes by 50%. Russia became Turkey's number one partner leaving Germany behind. However, under the global crisis, the trade turnover fell by 51% making U.S. $6,7bn as of H1 2009.