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July 16, 2019
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EU to Cut the Flow of Funds to Turkey as Drilling Spat Heats Up
Fri, 12 Jul 2019 11:31:20 -0400

(Bloomberg) - The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean.EU diplomats have agreed on the wording of a draft decision due to be formally adopted by the bloc's foreign ministers on Monday, two officials familiar with the talks said. The draft calls for suspending negotiations on an aviation agreement with Ankara, halting scheduled ministerial meetings, re read the full story...

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