Turkish Owned Swissotel in Moscow Shuts Following Imposed Sanctions
- New Europe Investor
- January 08, 2016
Russian sanctions on Turkey appeared to have forced the closure of Turkish owned Swissotel in Moscow.
The RBC news agency has reported that the hotel stopped taking reservations on 30th December 2015.
The hotel is operated by Swiss company, Swissotel Hotels & Resorts but owned by Turkish company, Enka. Enka has been subjected to restrictions by the Russian government forcing it to cease trading. Although it is understood the hotel has remained open for guests who have booked prior to 30th December.
Eva-Maria Panzar of the Swissotel told RBC news agency, “right now we are trying to find out from the authorities how the economic sanctions could influence our business.
Turkish sanctions were imposed by Russia following Turkey shooting down a Russian fighter jet on 24th November.
Other sanctions have included a suspension of the importation of Turkish food products to Russia, a ban on charter flights to Turkey from Russia, and the halting of visa free travel to Russia for Turkish nationals.