Russia has announced a series of economic sanctions against Turkey after the downing of a Russian jet near the Syrian border.
The measures will affect the imports of some Turkish goods, a ban on tour operators selling trips to Turkey and limits for Turkish firms operating in Russia.
President Putin has also told Russian companies to restrict the hiring of Turkish staff, starting on 1 January 2016.
Downing Street have confirmed Nick Hurd, MP for Ruislip, Northwood and Pinner, will replace Grant Shapps as International Development minister.
Shapps resigned earlier today following claims he mishandled bullying allegations that reportedly led to the suicide of a young Conservative activist.
Leicester striker Jamie Vardy has broken Ruud Van Nistelrooy's Premier League record by scoring for the eleventh match in row.
The England forward opened the scoring against Manchester United in the 24th minute on Saturday to break Ruud van Nistelrooy's 10-game mark, which had stood since 2003.
Vardy netted his 14th goal of the season when he latched onto Christian Fuchs' pass and fired in across David De Gea from 12 yards after Kasper Schmeichel had launched a quick break from a United corner.
The 28-year-old's run started with a late penalty in the 1-1 draw at Bournemouth in August and has included braces against Arsenal and Southampton, a winner against Watford and the record-equalling strike at Newcastle last week.
The father of a young Tory activist who took his own life after allegedly being bullied has said minister Grant Shapps' resignation is "not the end of the story".
Ray Johnson, whose 21-year-old son Elliott killed himself earlier this year, called on Chairman Lord Feldman to also step down.
Mr Johnson told ITV News: "Grant Shapps has fallen on his sword, and as the sole party chairman, the responsibility now lies with Andrew Feldman.
"Feldman's position is no longer tenable. It's time for the prime minister to take control.
"The Conservative party brand is tarnished and needs a wholesale clear out. This is not the end of the story.'
The Turkish President has said he is "truly saddened" by his country's downing of a Russian military jet and wishes it had not happened.
It is the first time Recep Tayyip Erdogan has expressed regret over the incident.
He added he hoped something like this never occurs again and that neither country should allow the incident to escalate.
Grant Shapps said the "buck should stop with me" after allegations of bullying within the Tory youth group while he was Party chairman.
The International Development Minister stepped down after 21-year-old activist Elliott Johnson took his own life.
In his resignation letter, Shapps told the Prime Minister "neither I nor the Party could find any written allegations of bullying, sexual abuse or blackmail made to the Chairman's office.
"Over the past few weeks - as individual allegations have come to light - I have come to the conclusion that the buck should stop with me.
"Given the very serious nature of what has subsequently occurred I cannot help but conclude that the only right course of action is for me to step down as Minister in your government."