Despite new EU sanctions, Greek fleet will keep moving permitted Russian oil

Greek shipping companies, which account for dozens of oil shipments from Russia every month and an estimated 20 per cent of overall trade, will continue to ship as much as they can, said the sources, who declined to be identified due to the sensitivity of the matter.

While it will be more difficult, such transactions remain "doable", said one source at a Greek shipping company involved in the trade.

"As long as traders keep buying oil at that price, things won’t change much, we'll respect the new cap."