Turkey Sanctions

On 14 October 2019, EU Member States reaffirmed their full solidarity with the Republic of Cyprus and agreed that a new framework of restrictive measures targeting natural and legal persons responsible for or involved in the unauthorised drilling activity of hydrocarbons in the Eastern Mediterranean should be put in place. The Council established a new restrictive measures framework on 11 November 2019. This framework enables the EU to impose targeted restrictive measures, including asset freezes and travel bans against natural persons or entities responsible for, involved in or assisting drilling activities, which have not been authorised by the Republic of Cyprus, within its territorial sea or in its exclusive economic zone or 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 jeopardize or hamper the reaching of a delimitation agreement. Adopted by: EU. No persons or entities are currently designated under this regime.

Annex II (grey list) of the EU list of non-cooperative jurisdictions for tax purposes. Lists 9 jurisdictions that committed to address deficiencies. Situation on: 17 February 2026.