Mehmet Simsek says Ankara's door open to Russian investors.
"Our current trade volume [with Russia] is around $20 billion and we can easily quintuple it," Simsek told Anadolu Agency following a meeting with Russian businesspeople in Moscow, organized by the country's largest bank, Sberbank.
"There is a strong momentum in mutual investments and it needs to be diversified," the minister said, adding Turkey and Russia had "very strong" potentials.
"Our doors are open to investors. When Turkey and Russia come together, they will both create added value and contribute to regional peace and security," Simsek said.
The deputy prime minister is scheduled to meet his Russian counterpart Arkady Dvorkovich later on Friday.