Tuesday, June 16, 2026

Russian sanctions may cost Turkey up to 3 percent of its GDP

Via Russia Beyond the Headlines As Moscow responds to the incident with the downed Russian Su-24 bomber by imposing economic restrictions on Turkey in various sectors, the Turkish economy faces potential losses of at least $20 billion, predict Russian analysts. Turkish Vice Premier Mehmet Simsek has estimated Ankara’s losses from its current tensions with Russia at $9 billion a year.