EU Concedes to Greek LNG Demand in Russian Sanctions Row

The European Union will exempt Greek Dynagas from the latest sanctions package for Russia after pressure from the Greek government, which said the package would harm the country’s economy. The package, set to be voted on today, includes a ban on LNG shipments to third countries and a total ban on LNG purchases by EU entities. However, with several EU member states now complaining about the adverse effects of these sanctions on their economies, Brussels has been placed in a position to negotiate some concessions. In Greece’s case, it…