FXStreet (Mumbai) - The warplane shot down by Turkey near the Syrian border today is reported to be a Russian-made SU-24. Turkish security sources told CNN Turk that warplane was downed for air space violation. Turkish military official said that the downed jet was warned before being shot down by their own F-16 fighter jets. The plane caught fire in the air and fell into Syria's territory, in the area known as "Turkmen Mountain". Footage from Turkey's Anadolu Agency showed two pilots parachuting out of the jet before it crashed. The Russian defence ministry has claimed the jet "hadn't violated Turkish airspace". It said it can prove the aircraft "was over Syria for whole flight". Following the incident, Turkish PM Ahmet Davutoglu sent the country's foreign minister to consult with NATO and UN officials on the events on the Syrian border. Security concerns will hit the risk appetite and weigh on market sentiment. For more information, read our latest forex news.