Trade between Turkey, Russia falls significantly
Baku, Azerbaijan, Feb. 29
By Rufiz Hafizoglu - Trend:
Export of Turkish goods to Russia decreased by 66 percent in January 2016 as compared to the same period 2015, said Turkey's Statistical Institute in a message Feb. 29.
Turkish exports to Russia amounted to about $108 million in January 2016.
In January 2016, the export of Russian goods to Turkey fell by 29.5 percent compared to January 2015 and totaled about $1.3 billion.
Earlier, Russia was among the TOP-20 countries in terms of imports and exports to Turkey.
Russia did not rank in this list in 2016.
Relations between Russia and Turkey deteriorated following the SU-24 incident. Following the incident, Russian president decreed on taking actions to ensure the national security and special economic measures against Turkey.
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