Russia on Thursday pledged broad retaliatory measures against Turkey’s economy in revenge for the downing of one of its warplane, as recriminations between Moscow and Ankara reached fever pitch.

President Vladimir Putin demanded an apology but his Turkish counterpart Recep Tayyip Erdogan bluntly refused, accusing Moscow of slander over claims his country was supporting the brutal Islamic State group.

The downing of the plane raised fears it could fuel a wider geopolitical conflict and highlighted the difficulty of forging consensus on the fate of Syria as French President Francois Hollande arrived in Moscow for talks with Putin.

While Russia ruled out any military retaliation against NATO member Turkey over Tuesday’s incident, Prime Minister Dmitry Medvedev gave his ministers two days to work out “a system of response measures” in the economic and humanitarian spheres.

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