Turkey-Russia crisis to end in March 2016: Turkish official

Turkey's crisis in relations with the Russian Federation will end in March 2016, Turkish Customs and Trade Minister Bulent Tufenkci said in an interview with Haberturk.

Commenting on the situation regarding the ban of the import of Turkish products to Russia, Tufenkci said that his department had really marked the reduction in customs duties on exports this month, but Turkish producers were able to quickly shift to other markets, such as Romania.

"We and the Russian side are doing everything possible to reduce the negative impact of sanctions on both nations. The tension is gradually reducing, and we expect that in February-March it will come to naught," he said.

The minister also added that the sanctions would have minimal impact on the banking sector and credit card users would not feel the influence.