24-11-2024 12:05 AM Jerusalem Timing

Russia Starts Economic Retaliation, Approves Sanctions on Turkish Trade

Russia Starts Economic Retaliation, Approves Sanctions on Turkish Trade

Russian Prime Minister Dmitry Medvedev signed a government decree that will place economic sanctions on Turkish goods in a move to retaliate for the downing of a Russian bomber jet in Syria last week.

Russia PM Dmitry MedvedevRussian Prime Minister Dmitry Medvedev signed a government decree that will place economic sanctions on Turkish goods in a move to retaliate for the downing of a Russian bomber jet in Syria last week.

According to a statement from Russian government Tuesday, Russian side will halt the import of Turkish white meat goods as well as vegetables and fruits like tomatoes, onions, broccoli, cauliflower, cucumbers, oranges, apples, pears, strawberries and tangerines as of Jan. 1, 2016.

Turkey is a major supplier of food and agricultural produce to Russia with $1.68 billion worth of trade last year.

Turkish companies operating in Russia and Turkish staff employed by Russian companies will also face restrictions.

After the US and EU imposed sanctions on Russia for its role in the conflict in Ukraine, Russia retaliated with restrictions on the importation of food from the European Union and other western countries in August.

The decree will also suspend the co-funding that was planned to be established between Ankara and Moscow to support joint projects.

In addition to the sanctions, the Russian government also announced that charter flights between Russia and Turkey will be cancelled as of December 1.

On Sunday, Russian President Vladimir Putin signed the order imposing a package of sanctions on Turkey and limitations on specific Turkish exports.

The Russian move came after two Turkish F-16 fighter jets on an aerial patrol last week intercepted a Russian warplane and downed it in the Syrian territories, killing one pilot.