Trade between Turkey, Russia falls significantly

Baku, Azerbaijan, March 3 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. --- Follow the author on Twitter: @rhafizoglu Follow us on Twitter @TRENDNewsAgency