EU: Extension of sanctions against Turkey for illegal drilling in the Eastern Mediterranean

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Following the revision of the framework for restrictive measures in response to unauthorized actions drilling of Turkey in Eastern Mediterranean, the EU Council today adopted a decision to extend the regime for one year, until 12 November 2022.

As broadcast by APE BPE, the European Union will continue to be able to impose targeted restrictive measures to persons or entities responsible for or involved in unauthorized hydrocarbon drilling activities in the Eastern Mediterranean.

Such restrictive measures consist of freezing of assets for persons and entities listed on the stock exchange, as well as in travel ban in the EU for persons listed.

In addition, EU persons and entities are prohibited from having capital to those listed.

Currently, two people subjected to sanctions, by the same Instrument.

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

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