24
Fri, Jan

Russian Gas Stops Flowing into EU Countries

Hellenic Shipping News

Russian gas stopped flowing into EU member states via Ukraine. Gazprom, Russia’s

Russian gas stopped flowing into EU member states via Ukraine. Gazprom, Russia’s state-controlled energy giant, confirmed today that gas exports to Europe through Ukraine have stopped as of 08:00 Moscow time (07:00 Greece time), following the expiration of the transit agreement.

Ukrainian President Volodymyr Zelensky said he would not permit Russia to profit from “blood money” to fund its war, while Poland said that the cut off was “another victory against Moscow”

The European Commission said the EU had prepared for the change and most states could cope. Moldova, which is not in the EU, is already suffering shortages.

Despite this development, Russia continues to export gas via the TurkStream pipeline, which runs under the Black Sea, providing an alternative route to European markets.

Moscow has transported gas to Europe through Ukraine since 1991.

While immediate effects are light, the strategic and symbolic impact for the whole of Europe is enormous.

The EU has significantly reduced imports Russian gas imports since Russia it launched its full-scale invasion of Ukraine in 2022, but a number of eastern member states still depend largely on the supplies, making Russia about €5bn ($5.2bn; £4.2bn) a year.

Several EU members, including Slovakia and Austria,

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