Russia begins scaling-down gas supply to Europe via Ukraine as a five-year pre-war deal expires on New Year’s Day.
Russian gas supplies to European Union countries via Ukraine is set to end on the first day of 2025. Ukraine’s gas transit operator says Russia has not nominated any gas flows via Ukrainian pipelines for 1 January.
It marks the end of a five-year deal singed in 2019 between the two warring countries, that allowed Moscow’s exports of Liquified Natural Gas (LNG) to the continent to transit in Ukraine before being rerouted to its final destination.
The deal was highly lucrative, paying out billions to the Kremlin in revenues and to Kyiv in transit fees.
The decision came as Ukraine’s President Volodymyr Zelenskyy announced he had no plans of renewing the deal. He stressed that his decision is important to allow Europe to move on from Russia, and to not allow the Kremlin to “earn additional billions” on Ukrainian blood.
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