The Greek government is opposing new EU sanctions against Russia to protect Dynagas, a major Greek shipping company owned by George Prokopiou that specializes in transporting liquefied natural gas cargo from Russia’s Arctic LNG operations.
Greek shipping companies Dynacom Tankers, Stealth Maritime, and Onassis Group have generated nearly $4 billion in revenues over three years by transporting Russian oil under the G7 price cap mechanism, which allows certain shipments of Russian crude to continue under price restrictions.
Binance is considering alternative licensing options within the European Union if its application for regulatory approval in Greece does not succeed, according to reports.
Foreign investors are increasingly turning to Greek stocks as the country rebounds economically from its previous crisis. The Athens Stock Exchange is benefiting from this economic recovery, with analysts identifying further upside potential, although risks remain.
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.