EU Prepares to Impose Sanctions on Turkey over Gas Drilling

The European Union is moving toward placing sanctions on Turkey over its drilling for natural gas in the eastern Mediterranean near Cyprus.

The European Council. which is made up of the bloc’s political leadership. issued a statement late on Thursday condemning Turkey’s actions and saying it would now consider reprisals.

“The European Council expresses serious concerns over Turkey`s current illegal drilling activities in the Eastern Mediterranean and deplores that Turkey has not yet responded to the EU`s repeated calls to cease such activities.“ it said in the statement.

Political tensions between Turkey and the European Union are escalating after Turkey sent drilling ships to waters around Cyprus to explore for natural gas. Turkish President Recep Tayyip Erdoğan says his country has the right to do so. He is calling on the Greek Cypriot-controlled south of the divided island. which represents the whole island in international bodies. to share natural gas wealth with the Turkish Cypriot north.

“The European Council endorses the invitation to the Commission and the EEAS to submit options for appropriate measures without delay. including targeted measures.“ the Council said.

The United States has sided with Greece. Cyprus and the EU in the dispute. U.S. oil firms are also involved in exploratory drilling. Washington is embroiled in separate dispute with Ankara over the latter’s purchase of Russian S-400 air defence missiles. which could also result in sanctions.

Cyprus has been divided since 1974. when Turkey invaded the north of the island in response to a Greek Cypriot coup backed by Athens. It keeps about 30.000 soldiers there.

Israel and Egypt are also involved in drilling for natural gas wealth in the eastern Mediterranean and have formed a bloc to cooperate. They have called on Turkey to support the initiative. labeling its objections as an obstruction to increasing the common wealth of the region.

 

About core

Check Also

Rising Metal Prices Cast Shadow on U.S. Construction Industry

The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. …

Leave a Reply

Your email address will not be published. Required fields are marked *