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Tuesday, November 29, 2022
HomePoliticsEU extends sanctions on Turkish drilling in Eastern Mediterranean

EU extends sanctions on Turkish drilling in Eastern Mediterranean

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The EU retains its ability to impose targeted restrictive measures on persons or entities responsible for or involved in unauthorized hydrocarbon drilling activities in the Eastern Mediterranean.

Extension, for another year, of the regime of sanctions concerning the non- authorized drilling of Turkey in the Eastern Mediterranean decided the Council of the European Union. The sanctions regime will therefore continue to apply until 12 November 2023.

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Therefore, the European Union retains its ability to enforce targeted restrictive measures to persons or entities responsible for or involved in unauthorized hydrocarbon drilling activities in the Eastern Mediterranean.

Sanctions consist of an EU travel ban and asset freeze for individuals and asset freeze for entities. In addition, EU persons and entities are prohibited from allocating funds to those on the list.

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Currently, two people are subject to sanctions.

The decision will enter into force the day after its publication in the Official Journal of the European Union.

RES-EMP

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Philip
Philip
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