The MAYOR: food prices will rise, if you can not quickly replace imports from Turkey

The MAYOR: food prices will rise, if you can not quickly replace imports from Turkey

DUBAI, November 29. There is a possibility of growth of prices for food products in Russia, if you can not quickly replace their imports from Turkey, says Deputy Minister of economic development of the Russian Federation Oleg Fomichev.

“If there are serious changes in the volume of imports is still affects from one side to the turnover, on the other hand, a significant part of the production is food. If not there will quickly (food – approx.ed) to replace the food that comes (from Turkey – approx.ed), the rise in food prices have minimal”, – he told journalists in Dubai (UAE) in the framework of the Russian economic and financial forum.

Trade relations between Moscow and Ankara

Turkey is the fifth trade partner of Russia, and the change in bilateral relations will inevitably affect macroeconomic indicators of the Russian Federation, he said.

“Yet to quantify it is quite difficult, because incompletely understood and the list of goods that will be distributed to appropriate sanctions, and the set of sectors that will be affected, and a number of other factors”, – said Fomichev.
In addition, the Deputy MAYOR noted that if the Turkish investments in Russia will actually be suspended, “will this affect investment dynamics through investment on GDP.”

Once the Erdogan government considers it possible to support the terrorists of ISIL (the former name is forbidden in the Russian Federation the terrorist group “Islamic state” – approx.) favourable treatment of the Turkish economy on our part should not be

Sergei Neverov
Vice-speaker of the state Duma

The decree of the President of the Russian Federation in Turkey

The reason for the adoption of restrictive measures in the economic and political relations with Ankara became the 24 November 2015 incident when a Turkish F-16 over the territory of Syria have shot down a Russian bomber su-24M.

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© Valery Sharifulin/TASS

Tkachev: Russia, if necessary, can substitute the import of vegetables from Turkey

On 28 November the President of Russia Vladimir Putin has signed the decree about application of special economic measures against Turkey.

One of the points of the decree was the prohibition or restriction on the importation into Russia of certain goods from Turkey according to the list determined by the government of the Russian Federation.

On the territory of the Russian Federation temporarily introduced a “ban or restriction on foreign economic operations involving the import to the territory of the Russian Federation separate kinds of the goods, the country of origin which is the Republic of Turkey, on a list established by the Government of the Russian Federation (except goods imported for personal use to the extent permitted by law of the Eurasian economic Union),” according to the decree “On measures for safeguarding national security of the Russian Federation and protecting Russian citizens from criminal and other unlawful acts and on application of special economic measures against the Turkish Republic.”

The attack on su-24M

On Tuesday, the fighter from the Turkish air force F-16 shot down Russian bomber su-24M, which, according to Ankara, had violated the country’s airspace near the border with Syria. The defense Ministry claims that the su-24M was extremely over Syrian territory and that “violations of the airspace of Turkey.” The crew of su-24M managed to eject, but one of the two pilots was killed by ground fire. The second pilot rescued and taken to base. In search of the pilots was attended by two helicopters Mi-8. One of the cars came under fire and made an emergency landing. One marine soldier was killed. The others aboard the helicopter were evacuated.

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© Mikhail Metzel/TASS

Russian-Turkish economic relations. Dossier