20 հուլիս, 2019 10:29
Tensions are rising between the European Union and Turkey over exploration drilling carried out by the latter in Cypriot territorial waters. On July 15, EU foreign ministers adopted a package of punitive measures to increase pressure on Ankara. The most striking announcement concerns the European funds destined for Turkey during the year 2020, which are to be cut by €146 million (out of a total of €400 million expected that year). These sums are intended to prepare the country’s possible accession to the European Union. Another financial threat involves the European Investment Bank (EIB), which has been asked to tighten up its conditions for granting aid to Ankara. On the political front, the EU28 have decided to downgrade the level of political dialogue with Turkey.