Jan 23, 2016, 3:02 PM
News Code: 81932115
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TPOI bans re-export of Turkish products to Russia

Tehran, Jan 23, IRNA – Trade Promotion Organization of Iran banned Iranian merchants from re-exporting Turkish products to Russia from Iran.

TPOI Deputy Director Mohammad Reza Movadvadi said on Saturday that according to a decree issued by the Iranian Trade Minister Mohammad Reza Nematzadeh, re-export of Turkish products to Russia from Iran's soil is forbidden.

Re-export of Turkish goods to Russia by Iranian merchants is against Iran's general export policies, he added.

Referring to the political tensions between Turkey and Russia, Movadvadi noted that such measures can have a very negative impact on Tehran-Moscow ties.

Russians may adopt difficult rules for export of Iranian products to Russia, if Iranian merchants continue to re-export Turkish goods to Russia from Iran's soil, the official added.

He noted that Iranian merchants should use the opportunity of good political ties between Tehran and Moscow for export of Iranian goods, there.

Russia imposed import sanctions on Turkey and canceled major investment projects as the spat between the two countries over the downed Su-24 fighter jet continues.

The Russian Prime Minister, Dmitry Medvedev, said punitive steps could include halting joint economic projects, restricting financial and trade transactions and changing customs duties.

Already, the Russia’s tourist board has suspended all tours to Turkey, a move that it estimated would cost the Turkish economy $10b (£6.6b) reports the Guardian.