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Turkish and Russian foreign ministers to meet

Speaking in his state-of-the-nation address televised live, Putin called for an end to what he called double standards that hampered uniting global efforts in fighting terrorism.

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Both Russian airmen ejected from the Su-24 plane after being shot down by Turkish F-16s on 24 November, an incident for which Russia has demanded a full apology.

“The Marmara region buys nearly all of its gas from Russian Federation and this region makes up 40 percent of Turkey’s GDP (gross domestic product) as well as its energy consumption”, said FACTS Global Energy consultant Cuneyt Kazokoglu. Davutoglu says his country can’t be “brought to its…”

“Turkish buyers remain anxious about buying Russian commodities as no one knows what will happen and the fact is that Russia is still defiant and increasing tensions”, one trader in Turkey said.

If Ankara changes its mind and wants to be involved in the Turkish Stream, Alexey Miller, the CEO of Gazprom, said Turkey “should first of all turn to Russian Federation if it’s interested in the project”, Tass reported.

Turkey insists the plane violated its airspace despite repeated warnings.

Prime Minister of Azerbaijan Artur Rasizade has met Prime Minister of Turkey Ahmet Davutoglu.

U.S. State Department spokesman Mark Toner said on Wednesday that Washington rejected the premise that the Turkish government was in league with the militants to smuggle oil, saying it saw no evidence to support such an accusation.

On Tuesday, The Kremlin said it would suspend the work of the joint Russian-Turkish Intergovernmental Commission on Trade and Economic Cooperation.

The pilot was killed while parachuting to the ground, while the navigator was rescued by Russian and Syrian forces from the Syrian side of the border.

Russian President Vladimir Putin and Turkey’s then Prime Minister Recep Tayyip Erdogan were at Blue Stream’s launch, as close partners.

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“Modern Russian weapons have worked efficiently, and the priceless experience of its use in combat will be analyzed to help further improve our weapons”, he said.

Turkish Foreign Minister Mevlut Cavusoglu arrives for NATO ministerial meetings at NATO Headquarters in Brussels