Turkey-Russia trade falls significantly
Export of Turkish goods to Russia decreased by 66 percent in January 2016 as compared to the same period 2015,Turkey’s Statistical Institute reported.
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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