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, goods, workforce flows and even capital inflows, are facing obstructions, which is all negatively impacting Turkey's economy. AKP rule, while gradually decreasing the 31 percent share of natural gas in energy consumption and the 49 percent dominancy of electric consumption,” Pamir added. Furthermore, by challenging Russia, its political risks have increased with foreign investment starting to withdraw. Turkey has been trying hard to get closer to Russia.
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, goods, workforce 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. Turkey has been trying hard to get closer to Russia.