The Russian-proposed Turkish Stream project was initially planned to carry 63 billion cubic meters (bcm) of natural gas from Russia under the Black Sea to Turkey’s Thrace region to reach Greece and further deliver gas to Europe.
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However, Russia has recommended its citizens in Turkey return home. Economy minister announced these measures, implementation will however needs certain steps formally.
Despite the bilateral tension between the two countries, it is unlikely that the economic relation between Russian Federation and Turkey will be affected much. The Russian Foreign Minister also that Russia had “no intention to go to war with Turkey”.
Despite Turkey continuing to defend their actions, Russian president Vladimir Putin has made it clear that he now views the country as traitors to Russia.
On Tuesday, a Russian Su-24 was downed by an air-to-air missile launched by a Turkish F-16 jet over Syrian territory, falling 4 kilometers (2.5 miles) from the Turkish border.
The summit in Antalya marked their deepening rift over Syria, when Mr Putin showed fellow G20 leaders aerial pictures of what he said were convoys of oil trucks carrying crude from fields controlled by Islamic State (IS) into Turkey.
The Russian Ministry of Agriculture also declared their sector “would strengthen control over food supplies” and “perform additional border and production checks”.
All military cooperation channels with Turkey have been cut following the downing of Russia’s Su-24 fighter jet, the Russian Defense Ministry announced Thursday.
After Turkey shot down the warplane, alleging it had violated Turkish airspace and refused to answer to warnings to leave, financial outlets suggested the incident could cause numerous economic problems for the North Atlantic Treaty Organisation country.
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“But we said on the phone yesterday (Wednesday) that we are sorry”, he added, referring to a telephone conversation with his Russian counterpart Sergei Lavrov. “Therefore, we would enter a hard period”, said Firuz Baglikaya, head of Detur.
