Twelfth night of attacks in the Iran war: first US soldiers killed, Tehran threatens "an eye for an eye"Houthis attack two Saudi oil tankers in the Red SeaUS and Saudi Arabia sign civilian nuclear agreementReformer Drapatyi becomes commander-in-chief of the Ukrainian armyUkraine's drones strike Russia's ports and commercial warehouses, Kyiv appeals to the UN Security CouncilUS House approves record defense budget of over a trillion dollarsMerz makes Thorsten Frei leader of the CDU/CSU parliamentary groupSevere wildfires in southern Europe: tens of thousands fleeing in Spain and FranceRubio meets China and Russia on the sidelines of the ASEAN forumUS court sets trial of Venezuela's ex-president Maduro for June 2027Tesla earns less despite rising salesEU approves Paramount's multibillion-dollar takeover of Warner Bros. subject to conditionsGreece blocks new EU sanctions package against RussiaAlphabet quadruples profit and plans AI investments of up to 200 billion dollarsAutonomous OpenAI AI hack alarms Congress and the digital ministryAlphabet's AI billions drive chip stocks, Intel and AMD secure China dealsTwelfth night of attacks in the Iran war: first US soldiers killed, Tehran threatens "an eye for an eye"Houthis attack two Saudi oil tankers in the Red SeaUS and Saudi Arabia sign civilian nuclear agreementReformer Drapatyi becomes commander-in-chief of the Ukrainian armyUkraine's drones strike Russia's ports and commercial warehouses, Kyiv appeals to the UN Security CouncilUS House approves record defense budget of over a trillion dollarsMerz makes Thorsten Frei leader of the CDU/CSU parliamentary groupSevere wildfires in southern Europe: tens of thousands fleeing in Spain and FranceRubio meets China and Russia on the sidelines of the ASEAN forumUS court sets trial of Venezuela's ex-president Maduro for June 2027Tesla earns less despite rising salesEU approves Paramount's multibillion-dollar takeover of Warner Bros. subject to conditionsGreece blocks new EU sanctions package against RussiaAlphabet quadruples profit and plans AI investments of up to 200 billion dollarsAutonomous OpenAI AI hack alarms Congress and the digital ministryAlphabet's AI billions drive chip stocks, Intel and AMD secure China deals
Bota
Symbolic image

Greece blocks new EU sanctions package against Russia

A dispute over gas shipments prevented the EU from agreeing on a new sanctions package against Russia on Wednesday evening. According to reports, Russian LNG cargoes are to remain exempt for now, which also benefits Greek shipping companies. The talks are to continue.

The EU is still wrestling with its next Russia sanctions package. Politico Europe (liberal) reports that a dispute over gas shipments prevented an agreement late on Wednesday evening, with negotiations to continue, shortly before many diplomats depart for the summer break. The Financial Times (United Kingdom) specifies that Russian LNG cargoes are to remain exempt, so that the Greek shipping company Dynagas, for example, may continue to transport Russian liquefied gas. The state-aligned Serbian Politika highlights above all the blockade by Athens and the disunity among the member states. Taken together, the familiar pattern emerges: the unanimity principle gives individual countries a veto lever, and economic self-interest shapes the negotiations. The exact contents of the package remain open until an agreement is reached. What can be noted is that the EU is falling short of its sanctions goal for now.

Forecast · Assessment
  • Most likely55%

    After concessions on the gas exemptions, the EU agrees on a watered-down package and the blockade is overcome.

  • Worst case20%

    The dispute permanently paralyzes sanctions policy and reveals deep rifts in the EU's line on Russia.

  • Best case25%

    The member states close the loopholes and adopt an effective, united package.

To the edition