Media: the Federal government can allow the Turkish part of developers to continue work in Russia

Media: the Federal government can allow the Turkish part of developers to continue work in Russia

MOSCOW, January 15. The Russian authorities are willing to soften sanctions against working in the country construction companies established by Turkish citizens, wrote in Friday newspaper “Kommersant” with reference to one of Federal officials. According to him, major Contracting companies can stay in Russia provided that will establish joint ventures with Russian partners, which will own at least 75% plus one share.

Another official in the Federal government specify that such JVs will have to create a business applying for commercial and government contracts after November 30, 2015. Such restrictions apply to Turkish business by decree of the President of Russia Vladimir Putin. Sanctions against the Republic of Turkey were distributed after Turkish air force shot down a Russian su-24 bomber on the border with Syria.

See also

Putin thinks it is humiliating for Turkey’s request to NATO on the protection after the incident with su-24

Concessions may relate to contracts for the construction of facilities for the world championship on football of 2018 which will pass in Russia, holds one of the interlocutors edition. According to him, Turkish companies mainly act as subcontractors for the construction of sports infrastructure and accommodation facilities. It’s about three dozen companies, the total amount of work they can reach about 60 billion rubles, said the official.

The Ministry of construction in the publication is forwarded for comments to the Ministry of economic development, which oversees the development of normative documents in relation to the special economic measures against Turkish companies. The press service of the MAYOR reported that have not yet received any such instruction from the government.

Mechanisms for the establishment of the Turkish constructors JV with Russian partners have not been formalized, said one of the interlocutors. According to him, this will be possible after it is signed by the MAYOR developed a draft government decree, which describes the rules of selection performed in Russia by Turkish contractors contracts, in respect of which no special measures apply. Yesterday, the Ministry released the draft document: from this it follows that the sanctions will not get the Turkish company executing contracts, termination of which may lead to the failure of internal or external obligations. This item is suited to the objects of the 2018 world Cup, said the source. At the end of 2015, the Russian authorities have already compiled a list of companies authorized to employ Turkish citizens: this list also includes a large Turkish builders, including Enka, Renaissance Construction, Ant Yapi.