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Crimea freezes about 30 Turkish investment projects for $500 mln — Deputy Prime Minister

November 26, 2015, 13:41 UTC+3 SIMFEROPOL

The decision was made in accordance with the position of president Vladimir Putin

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© Alexei Pavlishak/ITAR-TASS

SIMFEROPOL, November 26. /TASS/. Crimean authorities have suspended the implementation of about 30 Turkish investment projects totaling approximately $500 mln, Deputy Prime Minister of the Republic Ruslan Balbek told TASS Thursday.

"The decision was made in accordance with the position of our president," he said. "In total there were about 30 investment projects worth about half a billion dollars," he added.

Balbek noted that breaking off economic relations with Turkey will have no impact on the Crimea’s residents. "Asian countries are showing great interest in the peninsula, there are also European investors," he said.

Investment projects, concluded earlier with Turkey, apply to construction industry, services sector, tourism, communications and food supplies. In particular, a Turkish company was about to become a contractor for the Cathedral mosque in Simferopol.

Earlier, Crimea Head Sergey Aksenov told journalists that the country refused to cooperate with the Turkish business and the purchase of Turkish goods.

Russian Sukhoi Su-24 downed by Turkey

On November 24 the Russian Sukhoi Su-24 was downed by a Turkish F-16 fighter jet when the Russian plane was at an altitude of 6,000 meters 1 kilometer from Turkey’s border. Ankara claims the Russian warplane had violated Turkey’s air space while the Russian Defense Ministry says the Su-24 was flying above Syria. Both pilots ejected but one of them was killed by gunfire from the ground.

Russian President Vladimir Putin said at a meeting with King of Jordan Abdullah II on Tuesday that Ankara’s attack against the Russian Sukhoi Su-24 plane, which took part in Russia’s antiterrorism operation in Syria and did not present a threat to Turkey, was a "stab in Russia’s back" delivered by terrorists’ accomplices.

Russia’s Aerospace Forces started delivering pinpoint strikes in Syria at facilities of the Islamic State and Jabhat al-Nusra terrorist organizations, which are banned in Russia, on September 30, 2015, on a request from Syrian President Bashar Assad.

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