The rising tensions between Turkey and Russia seem to mimic that of the Cold War overtones, according to analysts. Turkey's downing of Russia's warplane has created a ripple effect, prompting economic and political problems on both ends.

Russia vowed previously that it will act accordingly following the downing of the plane. Russian President Vladimir Putin even accused Ankara of being an "accomplices of terrorists" with the shooting down considered as a "stab in the back." Russian energy projects stopped in Turkey along with implementation of Turkish import ban like fruits and vegetables. However, things can still turn for the worse as Russia's Putin addressed the nation with his annual speech.

“We shall remind them many a time what they have done and they will more than once feel regret what they have done,” Reuters quoted Putin. “Our armed forces, secret services and law enforcement agencies have been mobilised to give a rebuff to the terrorist threat.”

To make matters worst, Turkish President Recep Tayyip Erdoğan claimed proudly that he instructed to shoot the down the plane. Not to mention, reports said that the Russian plane was only in the Turkish territory for 17 seconds. No warning shots were also fired at the plane. Russia's deployment of the S-400 air defence missile system shows how advanced the country's military power is. Some even called it a "game changer" that Moscow can shoot down any Turkish plane it wants to.

Emotions on both sides are running high considering Russia's additional claims that Turkey is involved in oil traffic trade with the ISIS. Turkish Prime Minister Ahmet Davutoglu called out these claims, saying that they are "Soviet lies." Nonetheless, despite differences with the United States on Turkey matters, Putin also said that Moscow will be moving forward with a political settlement with the US on the Syrian conflict. The two countries will discuss efforts to address the matter including creating a list of extremist groups including details of members of legitimate political opposition.

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