MOSCOW (QHA) -

The shooting down of a Russian SU-24 jet by the Turkish Air Force will have negative implications for the economies of Russia and Turkey, said Anton Siluanov, Russia’s Finance Minister, yesterday.

“Trade turnover between our countries will shrink. And so will revenues of our tourism industries. That will undoubtedly have a negative impact not only on Russian economy, but also on the economies of other countries’.

According to Siluanov, the downing of a SU-24 fighter jet and bombing of А321 flight over Sinai may retard world economic growth.

“The growth is likely to slow, because tourism industry revenues will be dropping,” says Siluanov.

The said events may also affect trade turnover and purchasing capacity of the population, reports Forbes.ru.

“The rise in tension will undoubtedly have a negative impact on economic growth. Our job is to minimize the consequences,” said the Minister.

The Russian Finance Minister also commented on the downing of a SU-24 fighter jet by the Turkish Air Force:

“That is not the way partners, and particularly neighbors, who we enjoyed good trade relations with, do”.

QHA