GREECE BLOCKS EU SANCTIONS ON RUSSIA TO PROTECT ITS SHIPPING BILLIONAIRES
Greece has stalled the European Union’s 21st package of sanctions against Russia to protect its domestic shipping industry.
European diplomats attempted to pass new restrictions banning EU vessels from carrying Russian liquefied natural gas to non-EU nations.
Athens stepped in and halted the entire deal.
The reason is simple. Greek shipowners control over 60 percent of the entire EU commercial fleet. Major Greek shipping firms make vast fortunes moving Russian gas across international waters.
Look at the hypocrisy behind European moralizing.
Western capitals spend every week lecturing the world about standing with Ukraine, enforcing trade embargos, and isolating Moscow. They tell developing nations in Africa and Asia to make financial sacrifices in the name of global peace.
Yet the moment a sanction threatens the profit margins of Greek maritime oligarchs, European unity disappears.
In fact, while European leaders publicly demand stricter enforcement, the European Union actually increased its own imports of Russian gas by 11 percent earlier this year. They want the public to believe in absolute principles while their corporate elites quietly collect record shipping revenues.
European powers treat sanctions as a moral crusade for everyone else, but a flexible business decision for themselves.
How can Western nations expect the rest of the world to take their sanctions seriously when European governments exempt their own billionaires the moment profits are threatened?