PUTIN has agreed to bury the hatchet with the Turkish government after they shot down a Russian military jet.
The Russian president spoke to his Turkish opposite number Tayyip Erdogan for the first time since the downing of the Su-24 attack craft – agreeing to bury the hatchet.
But now the two nations have agreed to cooperate in the fight against terrorism and the two leaders have agreed to a face-to-face meeting to draw a line under the incident.
Both Moscow and Ankara said the two presidents had held a "constructive" telephone conversation.
Putin said he would order the government to start talks with Turkey on resuming "mutually advantageous" relations and hailed the move as the end of a "crisis chapter" between the two nations.
"The conversation was in general businesslike and constructive, aiming to restore the traditionally friendly mood of the multi-faceted bilateral cooperation.”
Turkish presidential sources called the conversation "very productive and positive".
They said Putin and Erdogan were expected to meet before and during a G20 summit in September in China.
Turkish military forces are currently working with the West in backing the New Syrian Army in battling ISIS.
Russia still backs the regime forces of Bashar Al-Assad, and has even launched bombing raids on the US backed forces.
It is unclear how this new alliance will affect the situation in the Middle East, with some saying the conflict is a "proxy war" between the White House and Kremlin as Putin declared the world was headed for Cold War 2.
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