EventOn July 16 2026, Greece vetoed the European Union’s latest sanctions package aimed at Russian entities, insisting that Dynagas’ nine icebreaking LNG carriers—worth roughly $300 million each—be exempt. The move stalls new maritime restrictions and leaves the specialised vessels at risk of becoming stranded assets.
Greek veto leaves EU’s next sanctions package targeting Russian energy exports adrift, potentially making Arctic liquefied natural gas carriers stranded and amplifying pressure on Moscow’s LNG supply routes.
Greece’s veto over the EU’s 21st sanctions package delays tightening of rules that would bar its Dynagas icebreaking LNG carriers from transporting Russian cargo, threatening to render those specialized vessels stranded assets worth roughly $300 million each.
Athens has voiced opposition to the EU's proposed sanctions on Russian entities, citing concerns that they would harm Dynagas—a Greek shipping company that transports cargoes from Moscow’s Arctic LNG facilities.
