Greece opposes a new EU sanctions package against Russia to protect a company of a Greek billionaire

Greece has blocked a new package of European Union sanctions against Russia, arguing that the proposed measures could bankrupt the shipping company Dynagas, owned by billionaire George Prokopiou.

At a meeting of EU ambassadors, the Greek representative stated that sanctions prohibiting the transport of liquefied natural gas (LNG) from Russia to third countries would severely impact Dynagas's operations. These sanctions are part of a broader package that also targets banks and companies in the defense industry. Due to the need for unanimity in adopting sanctions, Greece's objection has delayed the process.

Additionally, EU officials have agreed to extend the current price cap on Russian oil in the context of rising international prices. Dynagas operates 27 specialized vessels for LNG transport, and Prokopiou has made significant profits from transporting Russian oil. The Greek government and Dynagas have not commented on this situation.