Russia may cancel important projects with Turkey: Medvedev
Date
11/25/2015 4:51:04 AM
(MENAFN- The Journal Of Turkish Weekly) Russian Prime MinisterDmitry Medvedevsaid Nov. 25 thatRussiamay consider cancelling some important joint projects with Turkey after the downing of theRussianjet by Turkish F-16’s near the Syrian border on Nov. 24.
Turkish companies could loseRussianmarket share due to the incident Medvedev said in a statement published on the government website barring Turkish companies from theRussianmarket.
Russia may even scrap big energy projects with Turkey such as the Turkey’s first nuclear power plant for whichRussiahas been contracted to build.
Turkey commissioned Russia’s state-owned Rosatom in 2013 to build four 1200-megawatt reactors in a project worth $20 billion.
Russia and Turkey are also working on the Turkish Stream pipeline project an alternative to Russia’s South Stream pipeline which was to transport gas toEuropewithout crossing Ukraine. The South Stream plan was dropped last year due to objections from the European Commission.
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