• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Europe
  4. Greece helps Russia bypass European oil sanctions: Reports
Europe

Greece helps Russia bypass European oil sanctions: Reports

  • By Al Mayadeen English
  • Source: Agencies
  • 9 May 2022 19:29
  • 2 Shares

Greece is said to argue that no one in Europe would gain from Asian companies taking over Russian oil shipping.

  • Greece has increased its share in Russia’s maritime oil shipments
    Greece has increased its share in Russia’s maritime oil shipments

Russia's maritime crude oil traffic has largely remained unchanged since the European Union closed its ports for Russian tankers in April after Greece ignored EU calls to ban Russian oil imports, media said.

Moscow has been shipping off 4.5 million barrels of oil worth $509 million per day, according to data obtained by Die Welt newspaper from London-based shipping monitor Lloyd’s List.

On Wednesday, Greece opposed a new draft package of sanctions against Russia in which chief EU Commissioner Ursula von der Leyen suggested a complete ban on Russian oil supplies, whether they come by land or sea.

Greece, which operates the world’s largest freighter fleet, has increased its share in Russia’s maritime oil shipments by a factor of three compared to last year, the German daily said.

Some 190 tankers reportedly docked at four Russian oil terminals in April, 76 of them were flying the Greek flag. More and more Greek freighters are carrying Russian crude to India, China, and South Korea.

Greece is said to argue that no one in Europe would gain from Asian companies taking over Russian oil shipping. The crisis in Ukraine has driven freight rates up 230%, making it an increasingly more lucrative business.

Similarly, Hungarian Prime Minister Viktor Orban blasted von der Leyen for "attacking" EU unity with a plan to ban Russian oil, saying it crosses a red line.

On state radio, Orban considered that "The European Commission president, intentionally or unintentionally, has attacked the European unity that had been worked out."

"From the first moment we made clear that there will be a red line... they have crossed this red line," he affirmed.

  • Hungary
  • Moscow
  • Viktor Orban
  • Europe
  • Ursula von der Leyen
  • Russia
  • EU Commission
  • Asia
  • EU
  • Greece
  • Athens
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Trending Now

All
Hungarian premier

EU should end sanctions against Russia: Hungary PM

Most Read

Chief of Russian Radiation, Chemical and Biological Protection Force Igor Kirillov (TASS)

20,000 docs obtained by Russia expose US biowarfare program in Ukraine

  • Europe
  • 30 Jan
Neo-compradors: the leftist foot soldiers of Imperialism

Neo-compradors: the leftist foot soldiers of Imperialism

  • MENA
  • 2 Feb
The Utter Disconnect between 'Realities'

The Utter Disconnect between 'Realities'

  • Analysis
  • 30 Jan
'Israel's' attack on Bukamal targeted food, medicine convoy (Footage)

Israeli attack on Al-Bukamal targeted food, medicine convoy (Footage)

  • MENA
  • 30 Jan

Read this

All
A train crosses the Russian-Chinese border in Manzhouli, China (Getty Images)
Asia

Cargo traffic via Russia-China border hits record high in January

  • Today
A large balloon drifts above the Kingstown, North Carolina area, with an airplane and its contrail seen below it (AP Photo)
US & Canada

US fighter jet shoots down Chinese balloon off SC coast

  • 4 Feb
IOF raids Ariha, Ezzeddine Qassam Brigades respond
Palestine

IOF raids Ariha, Ezzeddine Qassam Brigades respond

  • 4 Feb
An aerial picture of the gas leak in the Baltic Sea, taken from an F-16 fighter jet belonging to the Danish Armed Forces (Danish Defense Ministry)
Europe

Germany cannot prove Russia sabotaged Nord Stream pipelines - reports

  • 4 Feb
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • About Us
  • Contact Us
  • Authors
Android
iOS