Economics

EastMed - Turkish Stream Killer

13.08.2019

The US is ready to defend Israel, Cyprus and Greece from Turkey and wants to turn the EastMed project into an alternative to Russian gas. The interests of Moscow and Ankara coincided again

Erdogan, Cyprus and the Future of NATO

22.07.2019

In recent weeks a dramatic escalation of tension around Turkish oil drilling rig presence in the disputed Exclusive Enterprise Zone surrounding EU member state Cyprus is taking place. Turkish President Recep Tayyip Erdogan is claiming that Turkey has the right to drill not only in the waters off of Northern Cyprus, but also in waters far from there where Greek Cyprus has claimed rights. The actions, moving Turkish oil and gas drilling platforms into the waters, is creating a dramatic new clash in the energy-rich Eastern Mediterranean. The line-up of actors makes for a political Molotov cocktail of clashing interests that potentially pits not only Turkey against Cyprus and Greece, but also Israel and the USA, with Russia and China watching with keen interest. .