Greece successfully negotiated an exemption for Russian liquefied natural gas (LNG exports) in the European Union’s latest sanctions package against Russia, citing national shipping interests.

On Thursday morning, July 22, the European Union finalized its 21st sanctions package against Russia after prolonged negotiations. The sanctions aim to weaken Russia’s ability to sustain its war in Ukraine. However, Greece delayed the agreement by demanding an exemption for Russian liquefied natural gas (LNG), citing the potential harm to its shipping industry. Ultimately, Greece secured a concession allowing exports of Russian LNG to third countries outside the EU under contracts signed before the start of Russia’s aggression against Ukraine.

The exemption marks a significant diplomatic victory for Greece, whose shipping industry plays a critical role in global maritime trade. Greek shipowners control approximately 20% of the global merchant fleet, with a strong presence in LNG tanker transport. Athens argued that banning the transport of Russian LNG would disproportionately impact Greek shipping companies, while Russia could easily shift its exports to vessels from other nations such as China, India, or the UAE. This exemption follows a similar precedent set in 2022 when Hungary and Slovakia were granted exceptions to import Russian oil via the Druzhba pipeline.

The exemption has drawn criticism from other EU member states, who expressed frustration over reopening an issue that had been agreed upon in October 2025. According to Euronews, the exemption benefits Greek billionaire-owned company Dynagas, which operates a fleet of LNG tankers. Contracts for LNG transport can last up to 20 years, creating long-term implications for the sanctions’ effectiveness. The decision underscores the tension between national interests and collective EU objectives in addressing Russia’s actions in Ukraine.