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Russia Eyes Economic Retaliation Against Turkey

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25 November 2015 18:18 WIB

Russian President Vladimir Putin speaks with media in a joint press conference with his Iranian counterpart Hassan Rouhani, after signing documents during the Gas Exporting Countries Forum (GECF) in Tehran, Iran, Nov. 23, 2015. Putin said the downed plane had been attacked inside Syria when it was 1 kilometre (0.62 miles) from the Turkish border and had come down 4 kilometres (2.49 miles) inside Syria. AP/Ebrahim Noroozi

TEMPO.CO, Moscow - Russia is considering cancelling a raft of joint business projects with Ankara after Turkey shot down of one of its warplanes, top government officials said.


The incident, which resulted in the killing of one of the SU-24 plane's two pilots and a Russian marine, has thrown Russo-Turkish relations into crisis and cooled Kremlin hopes of rapprochement with the West.

On Wednesday, the Kremlin said Moscow would dispatch an S-400 air defence system to bolster its Khmeimim air base in Syria's Latakia province, an advanced weapons system that can be used to shoot down planes at long distance.

"I hope that this, along with other measures that we are taking, will be enough to ensure (the safety) of our flights," Putin told reporters.

The announcement is likely to be viewed as a stark warning to Turkey not to try to shoot down any more Russian planes, which have been bombing Islamist militants and rebels since Sept. 30.

Prime Minister Dmitry Medvedev said Ankara could also expect to be on the receiving end of economic and business sanctions.

Speaking in the city of Yekaterinburg, Medvedev said the Kremlin may now move to cancel important joint projects with Turkey, saying Turkish firms - who are active in everything from construction to retailing - could see their market share in Russia shrink.

Complaining that Turkey's actions had increased tensions between Russia and NATO, of which Ankara is a member, Medvedev reiterated Putin's accusation that unnamed Turkish officials were benefiting from Islamic State oil sales.

The result, he said, was that long-running neighbourly ties between Russia and Turkey had been ruptured.

"The direct consequences could lead to our refusal to take part in a whole raft of important joint projects and Turkish companies losing their positions on the Russian market," Medvedev said in a statement.

Putin also stepped up his criticism of Turkey's leadership, saying they had steadily been encouraging what he called the "Islamisation" of Turkish society, something he said was a problem. 

REUTERS



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