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Update: EU, UK, and US Sanctions Against Turkey | Morgan Lewis

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Recent sanctions imposed by the European Union, United Kingdom, and the United States on Turkey and certain Turkish persons will be of interest to European and American investors in Turkey’s defense and energy sectors. The following update contains a summary of each regime.
EU SANCTIONS
Since 2019 there have been ongoing tensions between the Cyprus and Turkey as a result of drilling activities conducted by Turkey in the Eastern Mediterranean and not authorised by Cyprus. On 11 November 2019, EU member states adopted a series of sanctions measures to be imposed on “ ....

United States , United Kingdom , Republic Of Turkey , Republic Of Cyprus , Ismail Demir , Faruk Yigit , Morgan Lewis , Mustafa Alper Deniz , Antony Blinken , Tayyip Erdogan , Jim Risch , Josep Borrell , Serhat Gencoglu , European Council , Foreign Affairs Council , European Union , Department Of Air Defence , Senate Foreign Relations Committee , Republic Of Turkey Presidency Defence Industries , Eastern Mediterranean , Cypru Exclusive Economic Zone , President Biden , High Representative Josep Borrell , Brexit Transition Period , Unauthorised Drilling Activities , United Kingdom Sanctions List ,

UK sanctions relating to unauthorised drilling activities

UK sanctions relating to unauthorised drilling activities
This page provides guidance on the UK’s sanctions regime relating to unauthorised drilling activities in the Eastern Mediterranean
From:
The unauthorised drilling activities sanctions regime
The Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020 came fully into force on 31 December 2020. They put in place sanctions measures to discourage any hydrocarbon exploration, production or extraction activities which:
have not been authorised by the Republic of Cyprus in its territorial sea, or are
in its exclusive economic zone
on its continental shelf
This includes, in cases where the exclusive economic zone or continental shelf has not been delimited in accordance with international law with a State having an opposite coast, activities which may jeopardise or hamper the reaching of a delimitation agreement. ....

United Kingdom , Republic Of Cyprus , Office Of Financial Sanctions Implementation , Commonwealth Development Office Sanctions Unit , Department For , Unauthorised Drilling Activities , Eastern Mediterranean , Financial Sanctions Implementation , Export Control Joint Unit Helpline , Export Control Joint Unit , Development Office , Sanctions Unit , ஒன்றுபட்டது கிஂக்டம் , குடியரசு ஆஃப் சைப்ரஸ் , துறை க்கு , அங்கீகரிக்கப்படாதது துளையிடுதல் நடவடிக்கைகள் , கிழக்கு மத்திய தரைக்கடல் , ஏற்றுமதி கட்டுப்பாடு கூட்டு அலகு ஹெல்ப்லைன் , ஏற்றுமதி கட்டுப்பாடு கூட்டு அலகு , வளர்ச்சி அலுவலகம் ,