The Washington Post reports: Russian President Vladimir Putin on Saturday signed into law sweeping economic sanctions against Turkey as relations between the two countries plummet after Turkey shot down a Russian warplane over the Syrian border this past week.

The sanctions bill, posted on the Kremlin’s Web site, targets Turkey’s tourism industry, cancels visa-free travel between the two countries, bans many Russian companies from hiring Turkish citizens and blocks imports of some Turkish goods. Russian government agencies are expected to submit lists of banned goods and exclusions from the new sanctions on Monday.

The fallout will be particularly painful for Turkish tourism. More than 3 million Russian tourists visit Turkey each year, many of them traveling on all-inclusive, week-long resort vacations starting at $1,000, for a couple, including airfare. Putin on Saturday banned charter flights to Turkey, and travel companies were ordered not to sell tours to the country. [Continue reading…]