Russian FM Warns Gas Ban Will Hurt Greece

The Russian Foreign Ministry has stated that Greece's refusal to purchase Russian gas by 2027 could significantly damage its economy. This is expected to lead to a sharp increase in electricity and energy prices, thereby intensifying economic pressures on citizens. It also pointed out that switching to American liquefied natural gas (LNG) will contribute to rising prices of basic goods and a decline in revenues for sectors relying on Russian tourists, especially in northern Greece. Furthermore, it noted that Greece has severed its trade relations with Russia since 2022 in line with European Union policies aimed at reducing dependence on Russian energy. This comes amid fears of a widespread energy crisis in Europe, as stocks dwindle and energy prices rise ahead of the winter season.

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