TATARSTAN TOURISM WITHOUT TURKEY: ECONOMIC IMPLICATIONS OF RUSSIA'S SANCTIONS

The Republic of Tatarstan has enjoyed tremendous trade links with the principal business hub of Turkey like Ankara, Istanbul and other regions. Tatarstan which is considered of the largest economies of Russia and Turkey have enjoyed burgeoning trade ties in recent years despite disagreements on a number of political issues from Moscow's annexation of Crimea from Ukraine to the more than four-year old civil war in Syria. But the friendly relation between two countries fall in danger apart when Turkish air force shot down a Russian Sukhoi Su-24M bomber aircraft on the border of Syria by claiming that the plane had crossed its territory though Russian authority denied the claim. Moscow imposed economic sanctions against Ankara when Turkey leadership refused to make official apology demanding by Russian government. Economic sanction imposed by Russian authority against Turkey by the consequences of downing of a Russian aircraft could affect the economy of Turkey in different ways, i.e. food, transport, education and specially tourism industry. Because of the sanction unlike other Russian regions, the republic of Tatarstan's tourism business faced immediate negative effects from all direction. Though primary effects of the incident still seems to be limited and just in one way but secondary effects proved to be more dangerous for both of countries economy.