Putin administration has announced new sanctions against Turkey forbidding its companies to serve Russian public institutions and municipalities in construction, tourism, hotel management, and service sectors.
The Russian government disclosed the new measures in a statement on Wednesday declaring that the latest sanctions against Turkey will be effective as of Jan. 1, 2016.
Russian Prime Minister Dmitry Medvedev has signed the order of the additional sanctions approving the measures.
The incident has caused a political crisis between the two countries which had strong economic ties with each other, leading Turkish and Russian leaders to issue warnings to one another.
The new sanctions have also banned numerous Turkish companies to operate in Russia.
However, the new measures will not affect the contracts which have been signed before the sanctions order became effective, according to the order.
Russia has already imposed sanctions on Turkish imports, mainly for vegetable and chicken products, and unilaterally terminated its visa-free agreement with Turkey effective on January 1, 2016.
In addition, the Turkish Stream, a crucial natural gas pipeline project between the two countries, has been suspended.
President Recep Tayyip Erdogan stated that the project has been shelved by the Turkish government not Russia because Moscow has not fulfilled Ankara’s core demands regarding Turkish Stream.
Turkey and Russia disagree over how the Syrian civil war should be resolved as Turkey and the US-led coalition against DAESH have consistently called on Assad to step down and backed Syrian opposition groups while Russia and Iran have supported the regime since the beginning of the conflict.
The existing disagreement worsened following the start of high-level Russian military intervention into the Syrian conflict which has been strongly protested by the US, Turkey and the NATO alliance.
Turkey’s downing of the Russian warplane carried out the political tension into a top level.
It has been extensively reported that this is the first time a NATO member country has downed a Russian warplane since the 1950s, going back to the days of the Korean War.