Greece, which objected to the terms of a sanctions package against Russia this week, warned the EU that a ban on transferring Russian gas to third countries could result in a loss of market share to non-EU rivals, two Greek government officials said on Friday.
European Union envoys failed on Wednesday to agree on a 21st package of sanctions against Russia for its war on Ukraine, as a group of countries including Greece and Austria objected to the package, for different reasons, according to two sources.
Lithuanian Foreign Minister Kestutis Budrys said on Monday EU countries were undecided on tightening restrictions on Russian liquefied natural gas.
Greece dominates Europe’s LNG carrier market and is among the biggest players globally competing with Japan, China and the United States.
“From Athens’ perspective, any new package of restrictive measures must be carefully calibrated to maximize pressure on Moscow while minimizing unintended consequences for European businesses, consumers, and competitiveness,” one of the government officials told Reuters.
