Turkish PM pledges compensation for Turkish exporters amid Russia crisis

Turkish authorities are ready to compensate Turkish exporters over possible losses stemming from Russian sanctions, Turkish Prime Minister Ahmet Davuto?lu said late Dec. 2. 

"I want to express to our business world that whoever is damaged by these sanctions, our measures to compensate them are already ready now," he said.

After a Russian war plane was downed by Turkey on Nov. 24, Moscow announced a wide range of sanctions against Turkey.

Davuto?lu said punishing a country and its businesses was "contrary to modern international law."

Davuto?lu's remarks came during a cocktail event held for a High Advisory Board Meeting of the Turkish Industry and Business Association (TÜS?AD), which the government attended at a high level after a long hiatus due to tensions between the government and TÜS?AD.

The new government will embrace all society and realize a number of key reforms over the next four years, he said.

"We presented our cabinet program to parliament. We'll share the scheduled targets with the public on three-month, six-month and one-year spans, and push the button to realize our promises immediately," he said. 

Davuto?lu said their aim was vault Turkey into the high-income country group.

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