EU Buys 9.97 Mt Of Russian LNG While Debating 21st Sanctions Package Against Moscow
The European Union’s plan to tighten restrictions on Russian LNG has hit a wall due to resistance from Greece.
Athens has not offered support for the bloc’s 21st sanctions package against Moscow, stating that the proposed measures would ruin Dynagas, a shipping company controlled by Greek shipowner George Prokopiou.
Since unanimity is required before sanctions can be passed, the Greek objection has left measures targeting Russian financial institutions, drone manufacturing companies, cryptocurrency networks, oil traders and refiners unresolved.
At the heart of the dispute are 4 Arc7 icebreaking LNG carriers operated by Dynagas.
Built for Russia’s Yamal project, these vessels represent a third of the specialised fleet that can navigate the Arctic’s…