x

Economy

Despite EU Sanctions, Russian Imports Set Record in Greece

February 23, 2023

ATHENS – The European Union’s sanctions on Russia for the invasion of Ukraine exempted Russian energy supplies and did not slow imports to Greece, which set a record in 2022 as the COVID-19 pandemic lessened. According to preliminary data released by Greece’s national statistical office ELSTAT, Greece imported €9.33 billion ($9.54 billion) worth of Russian products, more than double the amount imported in 2021, according to the Middle East North Africa Financial Network (MENAFN).

In December 2022 alone, the value of imports from Russia increased by 59% compared to the same period in the previous year, reaching €866.3 million ($918.58 million), it was said.

The report also indicated that the main products imported by Greece from Russia were petroleum oils and oils obtained from bituminous minerals (excluding crude), petroleum gas and other gaseous hydrocarbons, and unwrought aluminum.

The data further revealed that 398 Greek enterprises imported goods from Russia, and there was a big trade imbalance in Russia’s favor, with Greece’s exports falling from €206.6 million ($219.07 million) to €156.4 million ($165.84 million) over a year.

A year’s worth of EU sanctions has not stopped Russian President Vladimir Putin from continuing his war, and reports said the bloc is considering adding more but still doing trade in some sectors. Greece is undeterred.

RELATED

ATHENS - It’s rare to see people drunk in public in Greece, where the legal age is 18 but even children can buy beer at kiosks without being questioned, but behind the wheel is another matter, with 44 percent of those surveyed saying they have driven intoxicated.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Zelensky outcries to world from Kharkiv (VIDEO)

KHARKIV - Ukraine’s president, Volodymyr Zelenskiy, has released a video plea calling on world leaders to attend a “peace summit” next month in Switzerland after a deadly Russian attack on a DIY hypermarket in Kharkiv on Saturday.

BANGKOK — The Papua New Guinea government said more than 2,000 people are believed to have been buried alive in a landslide in the South Pacific island nation, after the side of a mountain came down in the early hours of Friday morning when the village of Yambali was asleep.

NEW YORK - Larger than life, only in part because of his nearly 7-foot frame, Walton was a two-time NCAA champion at UCLA, a two-time champion in the NBA, a Basketball Hall of Fame inductee, an on-court icon in every sense of the word.

ATHENS - After their team’s triumph at Uber Arena in Berlin, Panathinaikos fans transformed Eleftherios Venizelos airport into… OAKA – their longtime home at the old Olympic stadium north of Athens.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.