B: sanctions Russia against Turkey may affect the hotel business and government contracts

B: sanctions Russia against Turkey may affect the hotel business and government contracts


Draft new restrictive measures means stopping the import of works and services – a ban on Russian legal entities to conclude contracts with the relevant Turkish partners. To monitor the application of sanctions can Rosfinmonitoring, with the participation of the Central Bank.

MOSCOW, 16 Dec. Sanctions of Russia against Turkey can be extended to the hotel business, timber processing, training pilots, and government contracts in any industry. The relevant draft resolution pursuant to the decree of the President has drafted and submitted to the government the Ministry of economic development, wrote in a Wednesday newspaper “Kommersant” with reference to sources.

According to sources, it is, in fact, about stop the import of works and services — ban on Russian legal entities to conclude contracts with the relevant Turkish partners. To monitor the application of sanctions can Rosfinmonitoring, with the participation of the Central Bank and the government will have the right to regulate the situation in manual mode, introducing those or other exceptions.

The source of Kommersant the Federal financial monitoring service stated that the Agency has not yet seen the draft resolution. “But on the basis of the accepted approach it can be assumed that the procedure of control over compliance with requirements of the standard will be: the Central Bank can make to the list of criteria of suspicious transactions with Turkish companies committed in the framework of agreements concluded after the date “H” and then the banks will have to inform Rosfinmonitoring about them”, — said the interlocutor of the edition.

The newspaper drew attention to the fact that the restrictions will concern only new contracts (those concluded before 10 December, are still legal), and in the future a possible exception for already operating on the Russian market for Turkish companies with Russian business. Currently the largest representative of Turkey in the wood sector of Russia is the Hayat Holding group, which has already launched in the SEZ “Alabuga” in Tatarstan, two stages, Europe’s largest plant with a capacity of 1.8 million cubic meters of wood Board products per year. Another plant for the production of wood boards, the company was going to launch in the SEZ Lyudinovo Kaluga region in 2021.

“Kommersant” notes that problems may arise in so far unaffected by the sanctions of the market of independent bookings of hotels. According to the CEO of the company “VIP-Service” Dmitry Gorin, online travel agencies sign contracts directly with hotels, which means that theoretically ban might affect them. As for pilot training, in Turkey it is performed in specialized centers or in higher education. However, the newspaper’s source in the Union of flight structure of Russia noted that pilots from Russia seeking education abroad, primarily review institutions in the U.S. and Europe.

According to sources of Kommersant, the sanctions managed to avoid the second largest brewing company in Russia — Turkish Anadolu Efes (brands Efes, Stary Melnik), as well as working in the Russian Federation the Turkish retail company Eroglu (Colin’s brand and Mexx stores), DeFacto, LC Waikiki, Koton network, brands ADL (Adilisik). Also on the Russian market there is the operator Fiba Holding, which develops under the license of the network GAP, Banana Republic and Marks & Spencer.