EU Council prolongs sanctions towards Turkey overt anauthorised drilling in EastMed

Following the assessment of the framework for restrictive measures in response to Turkey’s unauthorised drilling actions within the Eastern Mediterranean, the European Council adopted on November 11 a call extending the regime for one yr, till November 12, 2022.

“The European Union will remain able to impose targeted restrictive measures on persons or entities responsible for or involved in unauthorised drilling activities relating to hydrocarbons in the Eastern Mediterranean,” the EU Council stated in a press launch, warning that such restrictive measures encompass an asset freeze for listed individuals and entities in addition to a ban on travel to the EU for listed individuals. In addition, EU individuals and entities are forbidden from making funds accessible to these listed.

Currently, two people are topic to sanctions. The resolution will enter into power on the day following its publication within the Official Journal of the European Union.

The sanctions regime towards unauthorised drilling actions within the Eastern Mediterranean is a direct follow-up to the Council conclusions of October 14, 2019, which had been endorsed by the European Council on October 17-18, 2019, when the EU reaffirmed its full solidarity with Cyprus relating to respect for its sovereignty and sovereign rights in accordance with worldwide regulation and invited the High Representative and the Commission to submit proposals for a framework for restrictive measures.

The resolution will likely be saved underneath fixed assessment; will probably be renewed or amended, as acceptable, if the Council deems that its targets haven’t been met.

Source

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