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Greece presses for LNG shipping exemptions in EU Russia sanctions deal
The EU compromise includes a temporary exemption for some shipping tied to Russian LNG to third countries, allowing the broader sanctions package to move forward.
OilPrice reports that negotiations over the EU's latest sanctions package against Russia have highlighted a tradeoff for Europe: tightening restrictions without undermining its own commercial strengths.
The article focuses on Russian liquefied natural gas (LNG), where Greece, citing its position as a major maritime nation, urged that shipping restrictions be calibrated to protect European shipping competitiveness while limiting impact on Russia's export revenues.
According to OilPrice, the resulting Brussels compromise includes a temporary exemption for certain shipping activities related to Russian LNG destined for third countries, which the EU is using to keep the wider sanctions package on track despite the underlying concerns.
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