Stock Market News

Russia halts gas exports to Europe via Ukraine

2025.01.01 01:05

MOSCOW (Reuters) – Russia’s energy giant Gazprom (MCX:) said on Wednesday that gas exports via Ukraine to Europe had been halted from 08:00 Moscow time (0500 GMT) as the transit deal has expired.

The shutdown of Russia’s oldest gas route to Europe ends a decade of fraught relations sparked by Russia’s seizure of Crimea in 2014.

Russia still exports gas via the TurkStream pipeline on the bed of the Black Sea.

The European Union redoubled its efforts to reduce its dependence on Russian energy after the outbreak of the military conflict in Ukraine in 2022 by seeking alternative sources.

The five-year gas transit deal between Russia and Ukraine expired in early hours of Jan. 1, 2025, while Kyiv has repeatedly said it would not extend the agreement amid the war.

© Reuters. FILE PHOTO: A view shows a board with the logo of Russian gas producer Gazprom at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File photo

“Due to the repeated and clearly expressed refusal of the Ukrainian side to renew these agreements, Gazprom was deprived of the technical and legal ability to supply gas for transit through the territory of Ukraine from January 1, 2025,” Gazprom said in a statement on the Telegram messaging app.

“Starting from 08:00 Moscow time, the supply of Russian gas for its transportation through the territory of Ukraine is not carried out.”



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,386.61 0.20%
ethereum
Ethereum (ETH) $ 1,932.06 0.23%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.39 1.66%
bnb
BNB (BNB) $ 607.81 2.29%
solana
Solana (SOL) $ 135.72 1.55%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.742589 0.09%
dogecoin
Dogecoin (DOGE) $ 0.176345 1.24%
tron
TRON (TRX) $ 0.220434 0.43%
staked-ether
Lido Staked Ether (STETH) $ 1,931.01 0.23%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,186.56 0.26%
pi-network
Pi Network (PI) $ 1.51 3.88%
leo-token
LEO Token (LEO) $ 9.75 0.04%
chainlink
Chainlink (LINK) $ 14.12 1.58%
the-open-network
Toncoin (TON) $ 3.46 17.94%
stellar
Stellar (XLM) $ 0.274512 0.73%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,311.40 0.23%
usds
USDS (USDS) $ 1.00 0.00%
hedera-hashgraph
Hedera (HBAR) $ 0.192789 0.20%
avalanche-2
Avalanche (AVAX) $ 19.53 3.79%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.81%
sui
Sui (SUI) $ 2.34 1.46%
litecoin
Litecoin (LTC) $ 92.45 0.64%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.69 1.48%
polkadot
Polkadot (DOT) $ 4.33 1.16%
mantra-dao
MANTRA (OM) $ 6.62 2.82%
ethena-usde
Ethena USDe (USDE) $ 0.999886 0.02%
weth
WETH (WETH) $ 1,931.76 0.18%
bitget-token
Bitget Token (BGB) $ 4.46 1.08%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.10%
hyperliquid
Hyperliquid (HYPE) $ 13.81 5.80%
whitebit
WhiteBIT Coin (WBT) $ 28.84 1.28%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,051.34 0.17%
monero
Monero (XMR) $ 211.85 0.51%
uniswap
Uniswap (UNI) $ 6.26 1.93%
susds
sUSDS (SUSDS) $ 1.04 0.05%
aptos
Aptos (APT) $ 5.35 0.55%
dai
Dai (DAI) $ 1.00 0.03%
near
NEAR Protocol (NEAR) $ 2.65 0.49%
pepe
Pepe (PEPE) $ 0.000007 0.75%
internet-computer
Internet Computer (ICP) $ 5.84 2.40%
okb
OKB (OKB) $ 46.86 2.37%
ondo-finance
Ondo (ONDO) $ 0.874321 0.07%
ethereum-classic
Ethereum Classic (ETC) $ 18.00 0.07%
mantle
Mantle (MNT) $ 0.801771 8.81%
gatechain-token
Gate (GT) $ 21.76 1.33%
aave
Aave (AAVE) $ 173.64 0.67%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,399.61 0.20%
official-trump
Official Trump (TRUMP) $ 12.00 0.71%