BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/02
Russia has also clarified its new Turkey sanctions. From the start of this year, Turkish citizens and firms owned by Turkish citizens are prohibited from engaging in business in Russia in the following sectors: construction, architecture and engineering services, travel bureau services, hotels, wood processing and public procurements. The ban does not affect existing contracts, such as those for construction projects granted to Turkish firms involving the 2018 FIFA World Cup in Russia.