Russia Publishes List of Sanctions on Turkey

“It is causing harm to both sides”, he said. It seems that Obama is trying his best to really calm the tensions between the nations, but also made it very clear that it will take everyone banding together to fight off ISIS.

“We have received additional information which unfortunately confirms that this oil, produced in areas controlled by the Islamic State and other terrorist organisations, is transported on an industrial scale to Turkey”.

Vladimir Putin, left, and Recep Tayyip Erdogan.

Leaders from around the globe set upon Paris for the highly publicized summit.

Russian Federation approved a resolution listing detailed sanctions against Turkey in response to downing of a warplane near the Syrian-Turkish border.

The defence ministry cited satellite images that it said showed oil tankers travelling from IS-held territory to Turkey. Tensions have escalated since the incident, which also saw the killing of Russian pilot at the hand of the militants in Syria as he parachuted down.

The Israeli defense establishment has conveyed messages to Russian officials in an effort to establish coordination of ground based operations in Syria, and to bolster the aerial, naval and electromagnetic cooperation already underway, Israeli news website Walla reported on Tuesday.

While Russia opposes the Islamic State – which claimed credit for bringing down a Russian flight over Egypt – Moscow also supports Syrian leader Bashar al-Assad. “If there’s such evidence, then put it on the table and we will look”, Erdogan said.

In published video footage, the Russian journalist is seen asking Erdoğan, “Why do you support ISIL, Mr. Erdoğan?” while Erdoğan makes a gesture toward the journalist to remain silent.

Until a couple of months ago, Turkey was unwilling to play an effective part in the coalition against IS.

But hopes of the de-escalation called for by Mr Obama suffered a setback when Russian Federation officially announced a list of sanctions to be imposed on Turkey and sources said Moscow may also freezework on a major gas pipeline project.

The Kremlin said Monday that Obama and Putin “had a detailed exchange of views on the situation in Syria” in their sidelines meeting at the climate summit in Paris.

IS earns much of its money from oil fields it controls in north-eastern Syria and western Iraq.

A few of the petroleum comes to the Assad regime and some is smuggled to Turkey through middlemen. Mr Erdogan reiterated his denial that his government was involved in the trade.

Turkish Prime Minister Ahmet Davutoglu meanwhile said Russian Federation should re-establish communication channels instead of making “baseless accusations” that Ankara shot down the jet to keep hidden oil deals with IS which help fund the group’s deadly activities.

However he stressed that Russian Federation and Turkey should “deescalate” their dispute.