Russian officials order retaliatory economic measures against Turkey

Russian Prime Minister Dmitry Medvedev has ordered Moscow to draw up measures including freezing some joint investment projects with Turkey, in retaliation for the Nov. 24 downing of a Russian warplane by Turkey.
"The government has been ordered to work out a system of response measures to this act of aggression in the economic and humanitarian spheres," Medvedev told a cabinet meeting in televised comments, as quoted by Agence France-Presse.

He said under Russian law the broad punitive steps could include halting joint economic projects, restricting financial and trade transactions and changing customs duties.     

Measures could also target the tourism and transport sectors, labor markets and "humanitarian contacts," Medvedev said, adding that the measures would then likely be listed in a decree from President Vladimir Putin.

"In these documents the focus will be on introducing limits or bans on the economic activities of Turkish economic structures working in Russia, a limitation of the supply of products, including food products, and on the work and provision of services by Turkish companies and other restrictive measures," Medvedev reportedly stated. 

"I propose doing all this in a period of two days so that we can move to setting up the appropriate procedures as quickly as possible," he told government ministers.     
Tensions have soared between Moscow and Ankara following the downing of the Russian jet on the Syrian border. 

Turkish Stream, free trade deal at stake

Russia may impose various economic restrictions on Turkey, including measures to restrict the planned Turkish Stream gas pipeline, Russian Economy Minister Alexei Ulyukayev also said on Nov. 26, as reported by Reuters.