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Russian sanctions cover companies controlled by Turkish nationals — presidential decree

The decree from November 28 on special economic measures against Turkey initially implied restrictions on works in Russia only regarding organizations under the jurisdiction of Turkey

Workers of the Turkish construction firm ESTA Construction Vitaly Timkiv/TASS

Workers of the Turkish construction firm ESTA Construction

© Vitaly Timkiv/TASS

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Russia’s sanctions against Turkey will be expanded — deputy PM

MOSCOW, December 28. /TASS/. President Vladimir Putin has signed a decree, according to which Russian sanctions in the form of ban on works within the territory of Russia cover not only Turkish companies themselves but also firms controlled by Turkish nationals, Kremlin press service reported on Monday.

The document makes changes into the president’s decree from November 28 on special economic measures against Turkey.

In its initial variant the decree implied restrictions on works within the territory of the Russian Federation only regarding organizations under the jurisdiction of the Turkish Republic, while now the restrictions also cover organizations controlled by Turkish nationals or companies under the Turkish jurisdiction.

Simultaneously, the president requested to outline a list of contracts not covered by sanctions. The issue is about direct contracts with Turkish companies and contracts with firms controlled by Turkish nationals.

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Economy Turkey Trade & Cooperation Sanctions

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