Information for fruit and vegetables business in CIS
Turkish exporters headed into bankruptcy due to Russian ban
Turkish companies devoted to the wholesale distribution of fruit and vegetables have started going bankrupt because of the restrictive measures imposed by Russia, which came into force from 1 January, reports the Turkish newspaper Today's Zaman.
The most affected firms have been those based in the province of Antalya; according to the information provided, exporters will be suffering a difficult winter.
"...wholesalers in Antalya have suffered great damage. There are those who are quitting the business and trucks are returning. As a result of the crisis, we had to go to the local market, but we do not know for how long many of us will survive," says the exporter Ali Jandík to Today's Zaman.
"At the moment, the Turkish economy has not many reasons for optimism; exports in 2015 have declined by 8.4 percent, and in 2016, due to the impact of the Russian sanctions, export volumes will continue to decline, and even faster," says Asia Times.