Russian Prime Minister Medvedev has said that wide-ranging economic sanctions against Turkey will be imposed by Russia in response to Turkey downing one of Russia's fighter jets on the border between Turkey and Syria this week. Russia yesterday restricted agricultural and food imports from Turkey to Russia, and removed several Turkish products from shops after health and safety checks. Russia restricted Western food imports last year in response to sanctions (see previous blog).
Speaking at a televised cabinet meeting, Medvedev stated that the focus of the sanctions would be on "introducing limits or bans" on Turkish economic interests in Russia, in addition to a "limitation of the supply of products". He added that negotiations over proposals for a preferential trade regime with Turkey would be terminated, and joint investment projects with Turkey would be put on hold or cancelled.
This article first appeared on European Sanctions Law & Practice (http://europeansanctions.com/), a blog by Maya Lester (+44 20 7379 3550, firstname.lastname@example.org), a barrister at Brick Court Chambers, and Michael O'Kane (+44 (0) 20 7822 7777 email@example.com), head of Business Crime at Peters & Peters.