TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

EU to impose sanctions on Greece just two weeks after it got ‘freedom’

Greece, which breathed a sigh of relief just a few days back, is being hounded by European Union yet again.

Rohit Yadav by Rohit Yadav
September 3, 2022
in Europe, Geopolitics, Russia
EU to impose sanctions on Greece just two weeks after it got ‘freedom’
Share on FacebookShare on X

Greece recently came out of EU’s claws. As Reuters reported two weeks ago, Greece officially left the enhanced surveillance framework. Under the framework, Greece had to go through three back-to-back financial bailouts from 2010 to 2018, at the expense of its sovereignty.

The framework was supposed to support sustainable economic growth of Greece. But, it simply choked the Greek economy. Greece’s GDP nosedived from $355.9 billion in 2008 to $188.7 billion in 2020, a total economic tragedy. The bailouts caused a 25% decline in the Greek economy.

Also Read

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

European Union Facing Existential Crisis Amid Economic and Political Struggles

Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

Yes, 25%!

Under EU directives, it had to implement reforms which jeopardized its growth. 

Greek PM Kyriakos Mitsotakis rejoiced leaving the surveillance framework. He said, “A 12-year cycle that brought pain to citizens now closes, exiting the enhanced surveillance framework means greater national leeway in our economic choices”.

The country would now have more authority in its policy-making which was endangered by Brussels. Well, EU understands that an economically and politically independent Greece wouldn’t be easy to deal with. 

PM, Putin meeting in Sochi | eKathimerini.com
(Source- Ekathimerini.com)

Greece prefers Russia above EU and US

Greece, which has been regularly betrayed by European powers against Turkey, has befriended Russia time and again. Greece turned to Moscow in the Cold war era to create a counterbalance and demonstrate to the Western Powers that they shouldn’t take Athens for granted. 

 It’s evident that when it comes to countering Turkey, Greece sees Russia as a reliable and dependable partner. European Union has hardly sided with Greece whenever Athens got into a tussle with Turkey. EU’s biggest economy Germany has long supported Ankara by giving it weapons and submarines. It also rejected Greece’s request to halt weapons export to Turkey.

Greece realises the importance and efficiency of Russian weapons against western weapons as it has been proven largely in the Ukraine war.

In a recent skirmish between Turkey and Greece, Ankara accused Athens of locking its F-16 planes with its S-300 defence system. Greece has even refused to support Ukraine against Russia in the ongoing war.

Its defence minister Nikos Panagiotopoulos said, “We will not provide anti-aircraft missiles from our islands or anti-ship missiles to Ukraine, no matter how much they ask us to do so, because we face a real threat.”

Also Read: EU stops Greece from protecting itself

Germany sold Turkey weapons like class 214 submarines, when Greece’s maritime sovereignty rights got trampled upon by Turkey, which has time and again threatened to invade Greek islands.

Greece helps Russia evade sanctions

So, Russia is Greece’s obvious choice. In the Ukraine war also, the Greek shipping industry has come to Russia’s rescue. 

Reuters in May reported how Greece shipping companies aided Russia amid sanctions and emerged as the biggest facilitator for Russian ship-to-ship fuel oil exports. 

A recent report by the Institute of International Finance (IIF), revealed that Russian oil shipments reached their highest-ever level in August. Greece thus overtly helped Russia evade Western sanctions.

The IIF also discovered, after probing the shell firms that own the ships, that Greek-owned tankers assisted Russia in exporting its oil to the global oil markets. It’s no secret that every European country, in one way or another, has taken measures to import Russian energy by undermining EU’s sanctions on Russia. For example, the Netherlands, Baltic nations, France, Hungary; all have been accused of undermining the EU’s sanctions on Russia. But, interestingly, only Greece is being singled out.

Russia is exporting more crude than ever. Oil tankers are flagged all over the place to conceal ownership. We built a web crawler that goes from shell company to shell company to find the owner. Russia exports so much oil thanks to Greek-owned oil tankers. With @JonathanPingle pic.twitter.com/THT1FsvX0v

— Robin Brooks (@robin_j_brooks) August 29, 2022

Actually, EU is creating a groundwork to impose sanctions on Greece. In fact, EU is being aided by Turkey in its moves against Greece. 

According to Business Standard, Turkey has imposed a fivefold hike in transit fees for passage through Turkish straits, which connect the Mediterranean and the Black Sea. The move was taken specifically to target the Greek economy. 

Yet again, Greece got no support from European Union despite such a major incendiary move by Turkey. This shows both Ankara and Brussels are hand in glove to rein in Greece’s pro-Russia strides. EU doesn’t want other nations to go rogue like Hungary. Therefore, by issuing a damning report against Greece, the west is plotting to hijack the policy-making regime of Athens and turn it into its vassal state. 

Tags: EUGermanyGreeceRussiaturkey
ShareTweetSend
Rohit Yadav

Rohit Yadav

Associate Editor, TFI Media. Pursuing Masters in Global Studies from Ambedkar University, Rohit is a Geopolitics and Sports enthusiast

Also Read

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

May 31, 2025
UK to go on the offensive, will initiate cyberattacks on Russia and China

UK to go on the offensive, will initiate cyberattacks on Russia and China

May 31, 2025
European Union Facing Existential Crisis Amid Economic and Political Struggles

European Union Facing Existential Crisis Amid Economic and Political Struggles

May 31, 2025
Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

May 31, 2025
France Bans Smoking in Outdoor Areas Frequented by Children

France Bans Smoking in Outdoor Areas Frequented by Children to Protect Public Health

May 31, 2025
Israel Approves 22 New Settlements in West Bank

Israel Approves 22 New Settlements in West Bank Amid International Concerns

May 30, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.