Turkey

Information as of: 31st December 2020

Latest Updates
UN
US On 8th October 2020, the measures under EO 13894 were renewed for 1 year
EU/UK Under (CFSP) 2020/1657 all restrictive measures under (CFSP) 2019/1894 were renewed for a further year until 12 November 2021.
Further Details
UN No
US In Oct 2019 the US issued new framework in response to the ongoing situation in Syria. President Trump lifted the sanctions soon after due to a ceasefire agreement. On 16 Dec 2019 the US approved the “Promoting American National Security and Preventing the Resurgence of ISIS Act”, in response to the Turkish operations in Syria in Nov 2019. The measures include asset freezing measures / travel bans, targeted sanctions against officials / people / entities providing financial support and arms in support of the Turkish offensive and restrictions on arms exports from the US. On 8th October 2020, the measures under EO 13894 were renewed for 1 yearUnder (CFSP) 2020/1657 all restrictive measures under (CFSP) 2019/1894 were renewed for a further year until 12 November 2021.
EU/UK On the 11 Nov 2019 restrictive measures and asset freezing powers were introduced in view of Turkey's unauthorised drilling activities in the Eastern Mediterranean under CFSP 2019/1894Under (CFSP) 2020/1657 all restrictive measures under (CFSP) 2019/1894 were renewed for a further year until 12 November 2021.
This information has been collated by the International Underwriting Association of London and is intended as a guide only. The IUA does not accept any liability for the accuracy of this information.
This publication is intended to convey only general information about sanctions legislation and associated insurance coverage. It is not, and is not intended to be, a complete statement of the law relating to this area. It should not be relied on or be used as a substitute for legal advice in relation to any particular set of circumstances. Accordingly, IUA does not accept any liability for any loss which may arise from reliance on this information.