Claims about the economic impact of sanctions on Turkey
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Turkey is a popular destination for Russian tourists. Sanctions against Russia and the resulting economic downturn could lead to a decrease in Russian tourists visiting Turkey, impacting a vital sector of the Turkish economy.
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As a consequence of the sanctions against Russia, there has been a global increase in energy prices. Turkey, which relies heavily on energy imports, faces heightened energy costs, exacerbating its existing economic challenges.
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The sanctions and the broader geopolitical uncertainty create challenges for Turkish companies operating in Russia and for future bilateral trade initiatives. This could hinder business planning and investment, impacting economic growth in Turkey.
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