Can Russia make Turkey regret it more than once?

Economically, the Russian government will freeze or cancel the agreements and investment projects signed with Turkey and suspend the negotiation of reciprocal investment agreements with Turkey. The immigration agency in Krasnodar, southern Russia, said that 39 Turkish businessmen were detained on Wednesday because they entered Russia on tourist visas but participated in an agricultural trade exhibition.

Russia will stop its tourism cooperation with Turkey. Oleg, director of the Russian Federation Tourism Bureau? Safonov said that Russian-Turkish tourism cooperation will be stopped, and tourism companies will not be allowed to organize tourists to Turkey, and those who violate the regulations will be punished. Turkey earns about $654.38+0 billion from Russian tourists visiting Turkey every year. Safonov said: "Obviously, Turkey will definitely not get this income again."

According to the BBC, there are about 65,438+000 Turkish construction companies operating in Russia. Since the late 1980s, Turkish companies have completed 800 construction projects in Russia. In addition, Turkish investors have made extensive investments in the Russian market, involving clothing, footwear, food and other fields and brands.

According to another report in Reuters, Russian Minister of Economic Development Alexei Ulyukayev said that Russia may restrict flights in and out of Turkey, suspend preparations for establishing a free trade zone with Turkey, and restrict large-scale projects, including the TurkStream natural gas pipeline in Turkey and the $20 billion nuclear power plant that Russia is building in Turkey.

On the fourth day after the fighter plane was shot down, Russian President Vladimir Putin signed a presidential decree imposing sanctions on Turkey on the 28th. The package of sanctions includes: restricting the import of some Turkish goods, prohibiting flights between the two countries, and prohibiting Russian travel agencies from handling travel procedures to Turkey.

In addition, the activities of Turkish companies in Russia will be strictly monitored. Since 2065438+0665438+1 October1,Turkish citizens are temporarily prohibited from entering Russia except diplomats and their families and holders of temporary residence permits.

Putin's spokesman peskov said that about 90,000 Turkish citizens work in Russia. If family members are included, the number will reach 200 thousand.

This presidential decree, which takes effect immediately, is called "Order on ensuring the national security of the Russian Federation, protecting Russian citizens from crimes and other illegal acts, and taking special economic measures against Turkey".

In the context of the economic downturn in both countries, this kind of sanctions is undoubtedly worse. Russia is Turkey's second largest trading partner and Turkey is Russia's third largest trading partner. The total trade volume between the two countries is $20 1 1000 billion, of which Turkey's total exports to Russia are $5.9 billion, while its total imports are $25.2 billion.

From June 5438 to September this year, about 3.3 million Russians traveled to Turkey, accounting for 26% of the total number of tourists outside Turkey. Tourism is one of the most important industries in Turkey. According to the data of the World Tourism Management Committee, in 20 14, tourism directly or indirectly created 96 billion US dollars of GDP for Turkey and provided 265,438+10,000 jobs.

According to data released by the Russian Ministry of Economic Affairs on the 27th, the gross domestic product shrank by 3.7% in the first ten months of this year. Russia's public finances are also deteriorating rapidly. Standard & Poor's said that Russia's fiscal deficit this year will account for 4.4% of GDP. Ivan Starikov, former deputy minister of economic affairs, said recently that the real inflation rate in Russia is close to 30%. "We will soon return to the time when families spent 50% of their income on food. Russians have become poor again. "

Although the economic situation in Turkey is better, it is not optimistic. According to the statistics released by Turkey, the gross domestic product (GDP) of Turkey increased by 2.9% in 20 14, which was higher than the previous market expectation, but there was still a significant gap compared with the government's economic growth target. Quan Yuan, associate doctor of international relations at Russian People's Friendship University, told Observer.com that such a growth rate is not optimistic for Turkey, and the sluggish economy has caused instability in Turkey. Russia's poor economic situation mainly comes from sanctions. Turkey's economy has turned red without external negative factors, so it will be more vulnerable in the face of economic war.