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Tag Archives: Russia

High expectations natural gas off Crete could cover EU needs

Positive messages from ExxonMobil for an important natural gas field in Crete. Energy Minister says “there are expectations that it will cover the gap of Russian gas for 10 years in the European Union.” Environment and Energy Minister Kostas Skrekas spoke of “high expectations” from hydrocarbon exploration in the maritime …

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Austria investigates Greek suspected of spying for Russia

Authorities in Austria said on Monday they investigate a 39-year-old Greek citizen on espionage. The suspect is said to have worked as a spy for Russian military intelligence service GRU. The suspect, who faces up to five years in prison for “supporting a secret intelligence agency to the detriment of …

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EU reaches deal for $60-per-barrel price cap on Russian oil

The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After a last-minute flurry of negotiations, …

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Port in a Storm: Enhancing US-Greece Cooperation at Alexandroupolis

“The USA and its NATO partners urgently need to capitalize on the opportunities offered by the port of Alexandroupolis and by Greece more generally,” says an analysis of the significant strategic role of Greece after Russia’s invasion of Ukraine. The analysis has been prepared by  the Jewish Institute for National …

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USA warns Turkey of S-400 from Russia or else face sanctions

The US State Department has warned Turkey to avoid “transactions with Russia’s defense sector” or else face sanctions. The warning comes a day after Russian news agency Tass reported that Moscow and Ankara had signed a contract for the shipment of a second batch of S-400 surface-to-air missile systems. “The …

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Greece reiterates natural gas sufficiency, while drafting contingency plan

European countries are putting plans in place to manage gas supply and even ration power in case Russian gas flows stop completely or a planned outage at the Nord Stream 1 pipeline, starting on July 11, is extended beyond July 21. Greece reiterates its sufficiency in natural gs and at …

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Greece can handle potential natural gas supply cut-off from Russia, says Energy Minister

Environment and Energy Minister Kostas Skrekas said on Monday that Greece can handle potential natural gas supply cut-off from Russia. The minister stressed that Greece “faces one of the lowest risks in Europe in terms of supply sufficiency, provided that liquefied natural gas (LNG) is available.” However, “we are systematically …

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Greece’s Public Power Company prepared in case Russian gas flow stops

Public Power Corporation has worked out a plan to secure power supplies under an “extreme” scenario of Russia halting gas flows to Europe, its top manager said on Wednesday. PPC, which is 34% owned by the state, generates 50% of electricity in Greece and gas accounted for about 40% of …

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EU Commission revises forecasts for Greece’s economy downwards to 3.5%

The European Commission has revised its forecasts for the Greek economy downwards, envisaging a GDP growth of 3.5% in 2022 and 3.1% in 2023, from 4.9% and 3.5% respectively in its winter forecasts made in last February. On Monday, the Commission released its spring 2022 report on economic growth in …

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Greece among countries pushing for lifting Russian oil ban with EU-owned tankers

The European Union plans to abandon the proposal banning EU-owned ships from carrying Russian oil to third countries. Among the EU member states that pushed for the lifting if the export ban is Greece. According to a report, Bloomberg has learned and with those familiar with the matter, the proposal …

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“Azov is part of Ukrainian Army” Zelensky tells ERT; controversial ethnic Greek fighter dead

The Azov “is part of the Ukrainian army. The Nazis are the Russians.” With a month delay Ukrainian president Volodymyr Zelensky said about the video presence of two fighters of the controversial neo-Nazi brigade in the Greek parliament beginning of April, an act that had provoked a storm of reactions. …

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