Turkish Prime Minister Ahmet Davutoglu on Wednesday said that the government is ready to reimburse Turkish exporters in case of possible losses caused by Russian sanctions.
"I want to express to our business world that whoever is damaged by these sanctions, our measures to compensate them are already now ready," Davutoglu said during an event held for the High Advisory Board Meeting of Turkish Industrialists' and Businessmen's Association (TUSIAD).
Russia had announced a wide range of sanctions on Turkey after a Russian warplane had been shot down for violating Turkish air space near the Syrian border. The violation went on for 17 seconds, despite being given a total of 10 warnings in five minutes according to recordings provided by the Turkish authorities.
In reference to the sanctions, the Turkish prime minister also stated that punishing businessmen was contrary to international law.
“Putting these warrants, international law rules and World Trade Organisation norms aside and punish Turkish exporters, has no place in Turkey-Russia relations or in international norms,” he said.
"You can do anything to a Turk, but you can't blackmail them," he added.
Davutoglu once again called on Russia to open the way for communication, reminding ”if there wasn’t an air space violation the Russian plane wouldn’t have been downed.”