Russia prepares sanctions against Turkey

Yesterday, during a cabinet meeting the Prime Minister of Russia, Dmitry Medvedev, ordered the drafting of a sanction list. He gave the order, which came from President Putin, to the government. Over the next two days the Kremlin will create a list, with possible economic measures against Turkey. It is unsure what measures Russia will take, these measures can vary from postponing projects to financial restrictions to an import or export boycott to measures in logistics and transport. 

Different messages are circling online about the measures that Russia will take, but a boycott has not yet been officially announced. Russia wants to take measures that are permitted by international law and that will cause the least amount of damage to their economy. This is evident from notes published by the government.

Retailer Metro Cash & Carry calls to protect Turkish fruits and vegetables. The company imports 25% of the fresh produce from Turkey, "We can certainly adapt, but an embargo will not benefit consumers. Reduced competition will lead to higher prices," says Boris Minialay from Metro. 

Russia did issue a travel warning to Turkey. The absence of 3.3 million Russian tourists that visit Turkey annually would be a hard blow for the sector. The only country that has more tourists in Turkey is Germany. 

Despite the fact that an official measure has not yet been announced, there are reports of Turkish trucks being stopped at the border and Turkish businessmen who travelled to Krasnodar, Russia for a conference on a tourist visa have been deported. 

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