Putin lifts ban on charter holidays to Turkey
MOSCOW—Russian President Vladimir Putin has lifted curbs on tour firms selling holidays in Turkey, brought in after a Russian jet was downed last year.
The move was announced in a decree (in Russian), in which Mr Putin also ordered trade talks with Turkey. The ban on charter flights hurt the tourist industry in Turkey, a favourite destination for many Russians.
The Kremlin accepted a letter from Turkish President Recep Tayyip Erdogan as an apology this week. Mr Putin spoke to Mr Erdogan by phone on Wednesday, telling him he planned to lift the travel sanctions.
The lifting of non-travel trade sanctions will depend on the outcome of the trade talks, the Russian leader said in his decree. Mr Putin also condemned Tuesday’s gun and bomb attack on Istanbul’s Ataturk airport, one of the busiest in the world. Mr Erdogan had expressed “regret” earlier this week to Mr Putin and to the family of the Russian pilot killed in the incident. The fighter jet was shot down near the Syria-Turkey border in November. Turkey said the jet had been warned repeatedly after entering Turkish airspace, a claim fiercely denied by Russian officials. Mr Putin said he had been stabbed in the back and accused Mr Erdogan of collaborating with so-called Islamic State. Russia responding by hitting Turkey with a raft of sanctions, stopping the Russian package holidays and banning the import of Turkish foodstuffs. The Russian Su-24, an all-weather attack aircraft, was flying in skies above the Turkey-Syria border area on 24 November when it was shot down by Turkish F16s. The plane crashed in the mountainous Jabal Turkmen area of the Syrian province of Latakia, killing the pilot. A Russian marine involved in a helicopter rescue attempt was killed when the helicopter came under fire from local fighters.—Agencies
AMERICAN voters are angry. But while the ill effects of globalization top their list of grievances, nobody is well served when complex economic issues are reduced to bumper-sticker slogans — as they have been thus far in the presidential campaign.
It is unfair to dismiss concerns about globalization as unfounded. America deserves to have an honest debate about its effects. In order to yield construc-tive solutions, however, all sides will need to concede some inconvenient truths — and to recognize that globalization is not the same phenomenon it was 20 years ago.
Protectionists fail to see how the US’ eroding indus-trial base is compatible with the principle that glob-alization boosts growth.
But the evidence supporting that principle is too substantial to ignore. Recent research by the McKinsey Global Institute (MGI) echoes the findings of other academics: Global flows of goods, foreign direct investment, and data have increased global GDP by roughly 10 percent compared to what it would have been had those flows never occurred. The extra value provided by globalization amounted to $7.8 trillion in 2014 alone.
And yet, the shuttered factories dot-