Economists: the embargo against Turkey is fraught with conflict in the EEU

Economists: the embargo against Turkey is fraught with conflict in the EEU


Relations of Russia and Turkey are in crisis after November 24, Turkish F-16 shot down in Syria, the Russian bomber su-24. After the incident, the President signed a decree on special economic measures against Turkey.

MOSCOW, 25 Jan. The embargo on deliveries to Russia of food products from Turkey may lead to a rise in food prices in the Russian market and lead to strained relations within the EEU, which has not joined the Russian special measures, said economic monitor, prepared by the Gaidar Institute and the Ranepa.

Russia from January 1, has banned the importation from Turkey of certain products, including in particular included chicken, tomatoes, onions, cauliflower, cucumbers, oranges and tangerines, grapes, apples, pears, peaches, plums and strawberries.

“Additional risks of the embargo related to the risk of imposition of bans on Russian food supplies to the Turkish market (by value are higher than the supply of Turkey to Russia). In addition, the replacement of imports from Turkey imports from other countries or in domestic vegetable and fruit products can lead to higher prices on the Russian market,” — noted the authors of the document.

“The Russian embargo has not joined its allies in the EEU, which is fraught with aggravation of relations in the Union in connection with deliveries to the Russian market forbidden products”, — stated in the review.

Relations of Russia and Turkey is experiencing a crisis after November 24, Turkish F-16 shot down in Syria, the Russian bomber su-24. The Russian President Vladimir Putin called it a “stab in the back” by the accomplices of terrorists. After the incident, the President signed a decree on measures to ensure national security and the special economic measures against Turkey.

In particular, Russia from January 1, 2016 banned the import from Turkey of a number of products suspended the visa-free regime with Turkey, and cancelled Charter flights. In addition, employers from 1 January 2016 it is forbidden to employ workers from among the citizens of Turkey, the President also instructed to prohibit or limit activities under the jurisdiction of the Turkish organizations in the territory of the Russian Federation.