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Greek Shipping Dispute Blocks New EU Sanctions on Russia

A dispute over a Greek shipping company transporting Russian LNG has stalled the EU’s latest sanctions package against Russia, exposing divisions among member states.

Greece is blocking the EU’s 21st sanctions package, seeking an exemption for Dynagas, owned by shipping billionaire George Prokopiou

The proposed sanctions would ban the transport of Russian LNG to third countries, threatening Dynagas’ business operating specialised Arctic LNG tankers

The deadlock is delaying other measures targeting Russian banks, cryptocurrency networks, and military-industrial companies, as well as a revised Russian oil price cap

EU Diplomats say Greece argues the measures would hurt European shipping more than Russia, while other member states insist sanctions inevitably carry economic costs for all

Sources: Euractiv, Financial Times

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