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Sanctions Profile: Turkey
At a glance
The EU adopted a new sanctions regime in November 2019 in response to Turkey’s oil and gas drilling activities in the Eastern Mediterranean sea.
News
President Macron calls for Turkey sanctions
At a press conference yesterday (23 July 2020), French President Emmanuel Macron made a Declaration calling for EU sanctions to be imposed on Turkey. Earlier this week, the Turkish Navy published an advisory on seismic surveys it intends to carry out in the Greek continental shelf. President Macron said that he “stand[s] fully behind Cyprus and Greece in the face …
Turkey
Third countries align with EU Turkey & Belarus sanctions
Turkey On 27 February 2020, the EU Council adopted Decision (CFSP) 2020/275, which imposed sanctions on 2 Turkish nationals on the basis of their involvement in unauthorised drilling activities in the Eastern Mediterranean Sea (see post). North Macedonia, Montenegro, Albania, Iceland, and Armenia have aligned themselves with this decision. Press release here. Belarus On 17 February 2020, the Council adopted …
Belarus
EU imposes sanctions on 2 Turkish nationals
The EU Council has imposed a travel ban and asset freezing measures on 2 executives of the Turkish Petroleum Corporation (TPAO) on the basis that they are responsible for the planning/directing/implementing of unauthorised offshore hydrocarbon exploration activities in the eastern Mediterranean. Press Release. The individuals: Mehmet Ferruh Akalin, the Vice-President and member of the Board of Directors of TPAO, and …
Halkbank agrees to appear in Iran sanctions evasion proceedings
Turkey’s state-owned Halkbank has agreed to appear in the District Court for the Southern District of New York to challenge an indictment issued in October over the bank’s alleged conspiracy to circumvent US sanctions against Iran by facilitating a $20 billion oil for gas scheme. Halkbank had previously refused to enter a plea in response to the charges on the …
Dept for Intl Trade removes Yemen, Lebanon & Turkey from some OGEL lists
The Department for International Trade and the Export Control Joint Unit have published changes to the list of permitted destinations on a number of open general export licences (OGELS). See Notice. Yemen and Lebanon have been removed as permitted destinations on a number of OGELs. Turkey has been removed from the OGEL (military components) list. The Italian continental shelf has …
Yemen
Lebanon