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Turkish Brands Excluded from Russian Market

Turkish Brands Excluded from Russian Market

November 28, Russian President Vladimir Putin signed a decree Russian President Vladimir Putin has signed a decree “On measures to ensure Russian national security and to protect Russian citizens from criminal and other unlawful actions and the application of special economic measures with respect to the Turkish Republic,” the Kremlin press office said on Saturday.

The decree introduces temporary ban or restrictions on import by Russia of certain types of goods, whose country of origin is Turkey, which are stipulated in the list determined by the Russian government (except the good imported for personal use in an amount permitted by the law of the Eurasian Economic Union).

The decree also bans or restricts organizations, which fall under the Turkish jurisdiction, from providing certain types of services in Russia, which are stipulated in the list determined by the Russian government.

In addition, employers and contractors of services which are not stipulated in the list determined by the Russian government, are banned, starting from January 1, 2016, from employing Turkish citizens who were not employed or contracted by such employers and contractors as at December 31, 2015. Finally, Putin calls for “strengthening of port control and monitoring to ensure transport safety. In addition, charter flights are  banned and travel agencies are recommended  “to refrain from working  on the Turkish direction.”

Due to the fall of the ruble, purchasing power has fallen, and Turkish brands in such conditions have become quite affordable and popular alternative.

Colin’s, Koton  and LC Waikiki are most widely represented in Russia among  Turkish fashion brands.

Russian Su-24 bomber was shot down on November 24 by the Turkish Air Force and crashed in the Syrian province of Latakia. The Turkish authorities accused Russia of violating its airspace. Moscow claims that the plane was flying over the territory of Syria only.