Greece has blocked the 21st round of EU sanctions against Russia.

Greece has blocked the adoption of the 21st round of European Union sanctions against Russia over restrictions that could affect the shipping company Dynagas, which transports Russian liquefied natural gas (LNG).

The Financial Times writes about this.

According to the publication, on July 15, a Greek representative told EU partners that proposed sanctions on the transportation of Russian LNG to third countries could “destroy” the business of Dynagas, owned by Greek shipping magnate George Prokopiou.

Two more sources confirmed to the Financial Times that it was precisely because of Dynagas’ interests that Athens refused to support the new sanctions package.

Dynagas operates 27 LNG carriers, a significant portion of which are specialized Arc7-class icebreaking tankers. These vessels are used for operations in the Arctic and for servicing the Russian Yamal LNG project.

As the Financial Times notes, Dynagas owner George Prokopiou has earned at least $915 million from transporting Russian oil over the past three years. At the same time, since 2025, the company has transported over 10 million tons of Russian liquefied natural gas.

As a reminder, the High Representative of the European Union for Foreign Affairs and Security Policy, Kaja Kallas, stated that she would propose that EU countries impose new sanctions against Russia following the massive attack on Kyiv on the night of July 2.

As previously reported, the European Union has extended economic sanctions against Russia for another year. They will remain in effect until at least July 31, 2027.

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