Greek-controlled shipping companies generated approximately $4 billion in revenue from transporting Russian crude oil over the past three years, according to data reported by the Financial Times.
The figures underscore the deep entanglement of the world’s largest shipping nation with Russia’s energy exports, despite ongoing Western sanctions and geopolitical tensions.
The revelation comes as global markets remain sensitive to disruptions in energy supply chains.
Greek interests control a significant portion of the global tanker fleet, making them critical nodes in the movement of Russian oil to Asia and other markets.
The $4 billion figure represents a substantial revenue stream for these firms, reflecting both the volume of trade and the premium rates often paid for vessels willing to navigate the complexities of sanctioned trade.
This exposure carries inherent risks.