... the Greek Islands of the Eastern Aegean. Moreover, by sheer Turkish Diktat, it includes the entire Exclusive Economic Zone of Cyprus and part of the EEZ of the Dodecanese Islands and Crete. So, what are Ankara's alleged “grounds” for these claims? ... ... diplomacy for International Law. The UNCLOS, however, is part of
International Customary Law
, ratified by 167 states and by the European Union (EU), which Turkey hopes to join. Thus, the undisputed applicability of Article 121 has led to the massive condemnation ...
... drilling operations or any individual or company associated with them. Second, they will freeze the financial assets of individuals and companies involved in drilling.
The EU imposed sanctions on Turkey’s drilling projects because of the Northern Cyprus issue. This perpetual issue has resulted in a dispute on the use of the shelf-based resource extraction. At present, Cyprus and Turkey are stepping up their struggle for the resources in this shelf area that is estimated to have large gas deposits....
How to cut the Geopolitical Gordian Knot in Cyprus
In three essays for RIAC, since summer 2017, and in
Russia-Cyprus Relations: A Pragmatic Idealist Perspective
, we tried to describe, explain and defend why and how these relations are “special.” The main thesis has been that this nature ...
... countries in the region have been in general of secondary importance for Moscow. Only occasionally have some of them, such as Cyprus in the post-Cold War, acquired a high priority in Russian’s political and economic international relations. These ... ... from time to time a important complementary part in Russian aspirations in the region, such as a counterweight to the US or the European Union, but in itself do not possess such value to urge Russia to put at stake its fundamental interests in the West.
...
... ultimatum. Banks are based on trust. Cypriots have agreed to a confiscation tax, which means that trust in the Cyprus banking system has been lost irretrievably and will be impossible to restore in the foreseeable future, even if Europe and the IMF bail the Cyprus banks out.
The Euro Group financiers should have known this. So they destroyed the system deliberately, realizing that it would tarnish the reputation of the entire European Union banking system and that the price would be the massive transfer of money to other (primarily Asian) banks.
It is absurd is to risk the stability and reputation of the whole European financial system — to risk losing the trust of tens ...
