EU capitals face a multibillion‑euro dilemma over Moscow’s fossil fuel exports, choosing between curbing Kremlin oil revenue and limiting Greek shipping company Dynagas’ ability to ship Russian LNG.

In October 2025 the EU agreed to ban the purchase, import or transfer of Russian LNG by the end of 2026, including third‑country transfers. Only Dynagas is affected, having moved more than 10 mn tonnes in 2025. Greece argues the third‑country clause was never discussed and demands an exemption for pre‑invasion contracts. The dispute blocks a new sanctions package that would freeze the oil price cap at $44 a barrel; otherwise it rises to $58, giving Moscow $14 more per barrel. An emergency one‑week freeze expires today and ambassadors meet for a compromise.

Meanwhile the EU‑US trade deal anniversary looms; a universal 10 % tariff expires Friday, with Trump planning up to 12.5 % on 60 countries. The EU has a retaliation package on over $100bn of US goods ready. The Commission stresses both sides must honour commitments.