Russian sanctions against Turkey

           Russia and Turkey have a strategic and commercial trade deals in place which could be at risk as the diplomatic row over Turkey's downing of a Russian warplane continues. Geopolitical tensions between Russia and NATO member Turkey have risen this week after a Russian SU-24 warplane was shot down by a Turkish F-16 fighter jet on Tuesday. Turkey claim the jet was in Turkish airspace and ignored warnings to leave, Russia denies this.

            Russian President, Vladimir Putin on Saturday signed a decree to adopt a series of economic sanctions against Turkey in response to the actions of the Moscow shoot down warplanes in the Syrian border. According to a decree signed by Putin, the restrictions implemented to ensure the security of the country and the people of Syria in addition to setting restrictions on certain flights between the two countries.     

      Besides that, based on the restrictions in force on January 1, the Russian company may not take the people of Turkey as an employee and import restrictions imposed on certain types of Turkish products. Putin also ordered the government to publish a list of goods and services that are not restricted to ensure that the measures are having an impact on the Turkish economy.         

        This economic sanctions could be significant for both countries, Turkey is Russia's second most important trading partner after Germany and, if Russia goes ahead and cuts economic ties, both countries will feel the effects.