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Russia: Sanctions imposed on Turkey and the construction sector, February 2016

Special economic measures (sanctions) were imposed against the Republic of Turkey by Decree No. 583 of the President of the Russian Federation dated 28 November 2015 1 (hereinafter Presidential Decree No. 583). These measures imply a ban on the import of specific Turkish goods, the sale of tourism products that involve a visit to Turkey, a ban on charter flights, the employment of Turkish citizens or engagement of Turkish citizens on the basis of a civil law contract in Russia, and abolition of the visa-free regime with Turkey. One area of the Russian economy seriously affected by the sanctions imposed on Turkey is the construction sector, where Turkish companies and specialists have built up solid positions dating back to the 1990s. According to available data, today the “Turkish segment” of Russia’s construction market is made up of approximately 300 companies with total orders of approximately USD 50 billion, inter alia, within the framework of the implementation of high-profile private and public projects. Turkish construction firms rank highly in the “price-quality”
criterion when a contractor (general contractor, subcontractor) is selected to implement a construction project.

What should Russian clients bear in mind now when dealing with a Turkish construction firm, or Russian employers when hiring Turkish specialists? (...)


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Kamil Karibov

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Andrey Slepov

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