The extension for one more year of the restrictive measures imposed by the European Union for the unauthorized drilling by Turkey in the Eastern Mediterranean in 2019 was decided by the Council.
According to a related announcement, the Council of Ministers approved the renewal of restrictive measures until November 30, 2024.
What are the restrictive measures about?
The restrictive measures imposed involve the freezing of assets for the persons and entities included in the list, as well as a ban on EU citizens and companies from allocating funds or financial resources to the persons and entities in question.
Also, a travel ban to/through the European Union is imposed on legal entities.
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The persons included in the list of restrictive measures
Currently, two people are on the list of restrictive measures. They are Mehmet Feruh Akalın, vice-chairman of the board of directors of the Turkish Petroleum Company (TRAO), and Ali Joskun Namoglou, deputy director of the Research Department of the Turkish Petroleum Company (TRAO).
Based on the decision, the EU retains the ability to impose targeted restrictive measures on persons or entities responsible for or involved in unauthorized hydrocarbon drilling activities in the Eastern Mediterranean.
Tags: development Extension restrictive measures Turkey drilling Eastern Mediterranean
