The Turkish economy is bursting at the seams from Russian sanctions. On it informs Agency Bloomberg.
According to him, the banking sector is in decline, the last time such low rates were seven years ago.
It is noted that the number of non-performing loans rose more than three percent. Negative impact on the Turkish economy was also provided by national currency devaluation and political instability.
Left without a major customer without Russian tourists, the serious losses suffered and the tourist industry of the country. Moscow has imposed sanctions against Ankara after Turkish fighter brought down a Russian su-24 bomber in the skies over Syria. Under the ban got the import of some products and sale of travel packages.