The extension, for another year, of the restrictive measures imposed by the European Union on unauthorized drilling by Turkey in the Eastern Mediterranean in 2019, the Council decided.

According to a relevant announcement, the Council of Ministers approved the renewal of restrictive measures until November 30, 2024.

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

The restrictive measures imposed include the freezing of assets for the persons and entities included in the list as well as a ban on EU citizens and companies to allocate funds or financial resources to said persons and entities.

Also, a travel ban to/through the European Union is imposed on legal entities.

Currently, two people are on the list of restrictive measures. It’s about him Mehmet Feruh Akalin, vice-chairman of the board of directors of the Turkish Petroleum Company (TRAO), and Mr Ali Joskun Namoglou, deputy director of the Research Department of TRAO.

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