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Turkey may lose up to $9 bln due to break of relations with Russia — Turkish deputy PM

December 07, 2015, 15:11 UTC+3 ANKARA

The number of tourists from Russia has fallen to 603,000, there is a slowdown in the construction sector

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© AP Photo/Emrah Gurel

ANKARA, December 7. /TASS/. Turkey will lose $ 9 billion, in case its relations with Russia develop under the worst scenario, Deputy Prime Minister of Turkey Mehmet Simsek said in an interview with NTV channel.

"We consider Russia to be our important partner and do not want tensions. From the very first days of the crisis, we discussed all aspects and are ready to take action, if Russia still refuses to hold a dialogue. Under the worst scenario, Turkey will lose about $9 billion. This is about 0.3-0.4% of our GDP. But I hope that the dialogue will be held," - he said.

Simsek added that Turkish authorities discussed plans how to respond to Russian sanctions in the economic sector.

"The measures relating to Turkey's dependence on Russia in the energy sector have been prepared. I have sent proposals to the prime minister. The number of tourists (from Russia) has fallen to 603,000, there is a slowdown in the construction sector," - he said.

On November 28, Putin signed a decree "Executive Order on measures to ensure Russia’s national security and protection of Russian citizens against criminal and other illegal acts and on the application of special economic measures against Turkey." The decree imposes a ban or restriction on imports of certain types of Turkish goods to Russia. In particular, Russia banned imports of fruits and vegetables, which make the core of Turkish exports.

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