Moscow Imposes Additional Economic Measures Against Turkey

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Turkish Flag - Sputnik International
Russian Prime Minister Dmitry Medvedev on Wednesday signed a decree on the implementation of additional economic measures against Turkey starting January 1, the Cabinet of Ministers’ press service said in a statement.

"By signing this decree [we] approve a list of certain types of services, which are being provided on Russia's territory by organizations under the jurisdiction of the Republic of Turkey, as well as organizations controlled by citizens of the Turkish Republic and (or) organizations under the jurisdiction of the Republic of Turkey which are prohibited starting January 1, 2016," the statement read.

Russian economic sanctions imposed against Turkey would have a devastating effect on the Turkish economy, Ben Aris, editor-in-chief of the Business New Europe magazine, told Radio Sputnik. - Sputnik International
Payback Time: Russian Sanctions to ‘Hurt Turkey Badly’
According to the decree, Moscow banned Turkish tourist agencies, hotels, and companies providing guest services from operating in Russia.

The list also extends to construction work, activities in architecture and the lumber industry.

Moscow's relations with Ankara deteriorated after a Russian Su-24 aircraft had been downed on November 24 by a missile fired from a Turkish F-16 fighter jet over Syria.

In November, President Vladimir Putin signed a decree on introducing economic measures against Turkey, including a food imports embargo as well as restrictions in tourism, investments, charter flights and a number of construction projects.


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