MOSCOW, February 8. /TASS/. Russia’s restrictions imposed against Turkey in response for hostile actions may cause losses for the country’s economy exceeding $11 bln in 2016, Russia’s ambassador to Ankara Andrey Karlov told TASS, adding that tourism and agricultural sectors are likely to be hardest hit.
"We’ve managed to move the needle for bilateral cooperation with Turkey," he said, adding that "in 2014, the trade turnover between the countries exceeded $30 bln while almost 4.5 mln Russians" visited Turkey for vacation time.
According to Karlov who referred to "forecasts made by Turkish think tanks", "the Turkish economy may face losses from restrictive measures imposed by our country in response for Turkey’s hostile actions worth more than $11 bln in 2016." Karlov added that tourism and agricultural sectors will be hardest hit.