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Russia to boycott Turkish goods; ‘We’ll buy from Israel instead’

In association with Bro Don Pearce (Rugby UK)  Keep up to date with Bro Don’s Snippets – Email Don at Snippets@MilestonesUK.org  Just put in the subject line ‘Snippets Request’ state if you would prefer word doc or pdf format. It’s that easy! Below is an extract from today’s 1st Dec which covers (27-30th Nov 2015)

turkey goods

Russia ups retaliatory action after downing of jet by Turkey; looks to ban Turkish agricultural imports amid other ‘restrictive measures.’

Russia is preparing a raft of retaliatory economic measures against Turkey after Ankara downed one of its warplanes, Prime Minister Dmitry Medvedev said Thursday – with Israel among several countries likely to benefit as Moscow looks for alternative trading and tourism partners.

“The government has been ordered to work out a system of response measures to this act of aggression in the economic and humanitarian spheres,” Medvedev told a cabinet meeting in televised comments.

He said under Russian law the broad punitive steps could include halting joint economic projects, restricting financial and trade transactions and changing customs duties.

Measures could also target the tourism and transport sectors, labor markets and “humanitarian contacts”, Medvedev said.

The measures would then likely be listed in a decree from President Vladimir Putin, Medvedev said.

“In these documents the focus will be on introducing limits or bans on the economic activities of Turkish economic structures working in Russia, a limitation of the supply of products, including food products, and on the work and provision of services by Turkish companies and other restrictive measures,” Medvedev said.

“I propose doing all this in a period of two days so that we can move to setting up the appropriate procedures as quickly as possible,” Medvedev told government ministers.

Economy minister Alexei Ulyukayev did not rule out that the measures could hit two major projects with Turkey – the planned Turk Stream gas pipeline and the Akkuyu nuclear power plant – in a move that looked set to rattle cages in Ankara.

Energy-poor Turkey relies on Russia for over half of its natural gas imports and the two sides agreed to build the pipeline under the Black Sea.

Moscow has also started building Turkey’s first nuclear power station in the south of the country.

Tensions have soared between Moscow and Ankara following the downing of the Russian jet on the Syrian border on Tuesday.

“We’ll but from Israel instead”

Moscow has already warned its nationals against visiting Turkey and stepped up controls of Turkish agricultural imports.

Those two moves represent a major blow to the Turkish economy; until now Turkey was a favorite for Russian tourists, and Russia’s large population makes it a lucrative market for agricultural exports. Some 4% of Russia’s total food imports come from Turkey.

Russia ups retaliatory action after downing of jet by Turkey; looks to ban Turkish agricultural imports amid other ‘restrictive measures.’

Russia is preparing a raft of retaliatory economic measures against Turkey after Ankara downed one of its warplanes, Prime Minister Dmitry Medvedev said Thursday – with Israel among several countries likely to benefit as Moscow looks for alternative trading and tourism partners.

“The government has been ordered to work out a system of response measures to this act of aggression in the economic and humanitarian spheres,” Medvedev told a cabinet meeting in televised comments.

He said under Russian law the broad punitive steps could include halting joint economic projects, restricting financial and trade transactions and changing customs duties.

Measures could also target the tourism and transport sectors, labor markets and “humanitarian contacts”, Medvedev said.

The measures would then likely be listed in a decree from President Vladimir Putin, Medvedev said.

“In these documents the focus will be on introducing limits or bans on the economic activities of Turkish economic structures working in Russia, a limitation of the supply of products, including food products, and on the work and provision of services by Turkish companies and other restrictive measures,” Medvedev said.

“I propose doing all this in a period of two days so that we can move to setting up the appropriate procedures as quickly as possible,” Medvedev told government ministers.

Economy minister Alexei Ulyukayev did not rule out that the measures could hit two major projects with Turkey – the planned Turk Stream gas pipeline and the Akkuyu nuclear power plant – in a move that looked set to rattle cages in Ankara.

Energy-poor Turkey relies on Russia for over half of its natural gas imports and the two sides agreed to build the pipeline under the Black Sea.

Moscow has also started building Turkey’s first nuclear power station in the south of the country.

Tensions have soared between Moscow and Ankara following the downing of the Russian jet on the Syrian border on Tuesday.

“We’ll but from Israel instead”

Moscow has already warned its nationals against visiting Turkey and stepped up controls of Turkish agricultural imports.

Those two moves represent a major blow to the Turkish economy; until now Turkey was a favorite for Russian tourists, and Russia’s large population makes it a lucrative market for agricultural exports. Some 4% of Russia’s total food imports come from Turkey.