Pursuits
Turkey Without Russian Tourists Strikes Economy Where It's Weak
- Government needs foreign exchange to plug current-account gap
- Lira, bonds already hurt by rising geopolitical risk this year
Russia to Target IS in Syria but Rift Over Assad Remains
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Russia’s effective ban on tourist travel to Turkey in retaliation for the downing of one of its jets by Turkish F-16s this week will reverberate far beyond a Kremlin-themed hotel on the Antalya coast. These four charts show the threat to Turkey’s economy.
Turkey is the most popular foreign destination for Russians, with 3.3 million making the trip in the first nine months of this year. They make up more than 10 percent of the tourists in Turkey, the second-highest number after Germany.