Russian President Vladimir Putin: Russia Economic Development Ministry estimated that trade turnover between the two countries last year was even lower, according to The Moscow Times. According to the ministry deputy head Alexei Likhachev, trade between Russia and Turkey in 2015 was between $18 and $19 billion and is expected to decrease by $800 million in 2016, the TASS news agency reported. Trade turnover between Russia and Turkey totaled $30 billion in 2014, but in 2015 it fell to $23 billion, Karlov said in an interview with state-owned Rossiya 24 television channel, adding that it will continue to fall in 2016. Russian-Turkish trade has been falling amid the backdrop of worsening ties between the two countries. Russian President Vladimir Putin called the incident a stab in the back and ordered a package of economic measures against the country. Relations turned frosty after the downing of a Russian Su-24 bomber by a Turkish fighter jet on the Turkish-Syrian border in November last year.
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Tagged under Russian President Vladimir Putin, Russia Turkey topics.