The European Union has unveiled a system for imposing sanctions on Turkey over its gas drilling in Mediterranean waters off Cyprus. However, no Turkish companies or officials have yet been targeted, AP reported.
EU foreign ministers adopted a mechanism on Monday making it possible “to sanction individuals or entities responsible for, or involved in, unauthorized drilling activities of hydrocarbons,” according to the statement.
EU member countries can now come forward with names of those they think should be listed. The sanctions would involve travel bans and asset freezes on people and companies or organizations. EU citizens and firms would be banned from providing them funds.
Turkey says it’s acting to protect its energy interests and those of Turkish Cypriots living in the north of the divided island.