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EU sanctions over Turkish drilling in Cypriot EEZ extended

EU sanctions over Turkish drilling in Cypriot EEZ extended
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Ali coscun namogluMehmet ferruh akalCouncil onEuropean councilExploration departmentEuropean unionTurkish petroleum corporationEastern mediterranean

Turkey: U S and EU Sanctions Developments | Akin Gump Strauss Hauer & Feld LLP

Key Points On December 14, 2020, in response to Turkey’s procurement of the S-400 surface-to-air missile system from Russia in 2019, the Trump administration imposed new sanctions on the Turkish Presidency of Defense Industries (SSB) and four of its officers pursuant to the CAATSA sanctions provisions enacted by Congress against Russia in 2017. This follows Congressional approval of the NDAA for Fiscal Year 2021 by a veto-proof majority on December 11, 2020, which includes specific provisions to compel the imposition of the new sanctions measures. The European Union separately has also recently adopted new sanctions against Turkey in connection with disputed Turkish drilling activities in the Eastern Mediterranean.

Saudi arabiaUnited statesRussian federationAli coscun namogluIsmail demirFaruk yigitMehmet ferruh akalinEuropean councilEuropean council onInternational monetary fundAkin gump strauss hauer feldGovernment of the russian federationNational defense authorization act for fiscal yearMustafa alper deniz programUs senateDepartment of air defense