Ukrainian president criticizes Greek shipowners for Russian oil

Ukrainian President Volodymyr Zelensky has criticized Greek shipping companies for transporting Russian oil and demanded an explanation from Greece.

“We see Greek companies supplying almost the largest fleet of tankers for transporting Russian oil,” Ukrainian President Volodymyr Zelensky said in a speech at a conference in Athens via video link.

“Again: this is happening precisely when another Russian energy resource is being used as a weapon against Europe and against the family budget of every European. I am sure this does not meet the interests of Europe, Greece or Ukraine,” Zelensky added.

Meanwhile, European shipping companies, including Greek ones, do not break any laws by transporting Russian oil. However, an EU ban on Russian oil imports by sea, which will come into force in December, will prohibit Greek tanker operators from shipping Russian oil.

According Oil prices magazine, a much bigger blow to Russian oil exports that will have dramatic consequences for the global tanker market and oil prices stems from provision number two of the sixth sanctions package – EU operators will be banned to ensure and finance the maritime transport of Russian oil to third countries.

“Greek shipowners made 151 calls from Russian Baltic and Black Sea ports between May 1 and June 27, up 41% from the same period last year, data shows. compiled by Lloyd’s List using Lloyd’s List Intelligence. Nearly half of all crude and refined products exported from major Baltic or Black Sea ports were shipped on vessels owned by Greek tanker owners, the data shows. Billionaire George Economou’s TMS Tankers is the biggest Greek player in the Russian market and second overall, just behind Russia’s Sovcomflot, which is under Western sanctions, according to the data. ‘ writes Tsvetana Paraskova in Oil prices magazine.

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