Bank Of Baku

Kommersant: “The draft law criminalizing denial of Armenian genocide will cost France dear”

Kommersant: “The draft law criminalizing denial of Armenian genocide will cost France dear”
# 21 December 2011 13:10 (UTC +04:00)
The newspaper said in response, Turkey would prepare the package of economic sanctions that could effect France significantly. “The sales turnover between the two countries is € 115 billion. The experts evaluate the volume of French investment in Turkey as € 6.5 billion. About one thousand French companies are operating in Turkey”.

Airbus Company can lose a passenger plane deal with Turkish Air Lines, which targets to renovate its fleet until 2023. French company Areva is also threatened by losing its chances to win € 15-billion tender for construction of nuclear power station in Snop, Turkey, the newspaper said.

Alongside with the economic sanctions, diplomatic ties between Ankara and Paris are also expected to weaken.
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