NATO has called on Turkey and Russia to show restraint as tensions rise in the wake of the downing of a Russian jet near the Turkey-Syria border. The Russian warplane was shot down for violating Turkish airspace on Tuesday morning, Turkish officials said, angering Russia's President Vladimir Putin, who likened the incident to being "stabbed in the back". According to Russia Today, Russia's defence ministry has announced that it is suspending its military cooperation with Turkey following the incident. – Al Jazeera

Dominant Social Theme: Let cooler heads prevail.

Free-Market Analysis: It's nice that NATO is concerned about world peace. Russia seems angrier. Following Turkey's downing of a Russian jet near the Syrian-Turkey border, Vladimir Putin called Turkey's actions a "stab in the back."

What Putin meant by this was that Russia was removing ISIS from Syria, presumably a goal shared with NATO. Yet Turkey, a NATO country, shot down a Russian jet involved in fighting a common enemy.

According to Al Jazeera, NATO chief Jens Stoltenberg said Tuesday night that NATO supports Turkey but urged calm for both sides.

"As we have repeatedly made clear, we stand in solidarity with Turkey and support the territorial integrity of our NATO ally, Turkey," Stoltenberg reportedly said after an emergency meeting of NATO. "I look forward to further contacts between Ankara and Moscow and call for calm and de-escalation. Diplomacy and de-escalation are important to resolve this situation," he said.

Putin was a good deal blunter. "Today's loss is linked to a stab in the back delivered to us by accomplices of terrorists," he is reported as saying. "I cannot qualify what happened today as anything else. Our plane was shot down over the territory of Syria by an air-to-air missile from a Turkish F-16 jet. It fell in Syrian territory four kilometres from the border with Turkey. Our pilots and our plane did not in any way threaten Turkey."