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EU unveils sanctions plan to hit Turkey over Cyprus drilling

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EU unveils sanctions plan to hit Turkey over Cyprus drillingThe European Union on Monday unveiled a system for imposing sanctions on Turkey over its unauthorized gas drilling in Mediterranean waters off Cyprus but no Turkish companies or officials have yet been targeted. EU member countries can now come forward with names of those they think should be listed. Turkish warship-escorted drillships began exploratory drilling this summer in waters where EU-member Cyprus has exclusive economic rights, including areas where European energy companies are licensed to conduct a hydrocarbons search.

Source: yahoo.com/news