Turkey was exporting an average of $5-6 billion yearly and, in return, importing natural gas, crude oil and coal. Russia risks impacting Turkey 's economy , as it starts to cut tourism and export channels , in the wake of the shooting down of a Russian plane , since Russia is one of Turkey 's biggest trade partners . The construction sector , infrastructure , cash flows and even capital inflows , are facing obstructions , which is all negatively impacting Turkey 's economy . Furthermore , by challenging Russia , its political risks have increased with foreign investment starting to withdraw . As it is , Turkey 's high level of external debt makes it vulnerable to shifts in investor sentiment once the country starts to raise its interest rates .
Russia risks impacting Turkey 's economy , as it starts to cut tourism and export channels , in the wake of the shooting down of a Russian plane , since Russia is one of Turkey 's biggest trade partners . The construction sector , infrastructure , cash flows and even capital inflows , are facing obstructions , which is all negatively impacting Turkey 's economy . Furthermore , by challenging Russia , its political risks have increased with foreign investment starting to withdraw . As it is , Turkey 's high level of external debt makes it vulnerable to shifts in investor sentiment once the country starts to raise its interest rates .