EU threatens Turkey with sanctions over Cyprus drilling

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows.
In trying to take Ankara to task over what the EU sees as Turkish interference with Cyprus' exclusive economic zone, the bloc is walking a thin line, careful not to antagonise an important partner.
"Despite our best intentions to keep good neighborly relations with Turkey, its continued escalation and challenge to the sovereignty of our Member State Cyprus will inevitably lead the EU to respond in full solidarity," Donald Tusk, president of the European Council of ministers, said on Wednesday.
On Thursday, national envoys in Brussels were discussing a joint decision to punish Turkey, a draft of which said: "In light of Turkey's...

Continue reading on: