Europe, Russia and Ukraine

Here's what's behind Russia cutting off its last gas line to Europe
Ukrainian transit gas deal to Europe ended on Jan. 1. For now, the most acute effects are being felt in a region called Transnistria, on the eastern edge of Moldova.
The end of Ukraine-Russia gas transit deal: what lies ahead for Europe?
The ongoing conflict has highlighted the importance of diversifying gas supplies to build resilience against geopolitical risks.
Europe’s Natural Gas Prices Rise as Russian Flows via Ukraine Cease
Europe's natural gas prices rose on the first trading day of 2025 as Russia halted gas flows via Ukraine, leaving Europe scrambling for alternative supplies ahead of a predicted cold snap.
White House calls halt of Russian gas transit via Ukraine one of Moscow's 'most costly defeats'
Ukraine's move will deprive Russia of about $6.5 billion in annual revenue from gas sales to Europe, according to U.S. National Security Council spokesperson John Kirby.
Ukraine Halts the Flow of Natural Gas From Russia to Europe
A transnational pipeline was shut down on Wednesday after Kyiv refused to renew a prewar agreement that allowed for the transit of Russian gas through its territory.
Ukraine halts pipeline carrying Russian natural gas to Europe, as deal expires
"We stopped the transit of Russian gas, this is a historic event," Herman Galushchenko, Ukraine's energy minister, said in a statement.
Stopping gas transit through Ukraine is one of Russia's most expensive defeats – White House
The White House described Ukraine's suspension of Russian gas transit as one of the most expensive defeats for Moscow, costing it around US$6.5 billion in revenue each year. Source: John Kirby, White House National Security Communications Advisor,
Ukraine halts Russian gas transit, costing Moscow billions
This will clearly deprive Russia of about $6.5 billion in annual revenue from gas sales to Europe. It’s one of the biggest and most expensive losses for Moscow. Of course, we welcome Ukraine’s decision and its determination,
Zelensky Calls Halting Russian Gas Transit a Major Defeat for Moscow
Ukrainian President Volodymyr Zelensky has described the cessation of Russian gas transit through Ukraine as one of Moscow's greatest defeats in the ongoing conflict. The move signifies a critical shift in energy dynamics,
Europe’s Gas Price Retreats Further
European natural-gas prices fell, and Raboank said the around 10% retreat in price over the the week on an improved weather outlook signals that last week’s rally might have been overdone.
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LNG Price Rally Could Prompt Gas-to-Oil Switching in Asia
Soaring LNG prices in Asia due to Europe's gas crisis are making oil a more cost-competitive fuel source, potentially leading ...
Natural gas prices spike on forecasts of colder than expected winter
A wave of predictions that a polar vortex will make this January the coldest in years sent natural gas prices up this week, ...
Hungarian foreign minister blames Ukraine for rising gas prices in Europe
Hungarian Foreign Minister Péter Szijjártó has accused Ukraine of putting the European Union in a difficult economic ...
German economy ‘acutely’ at risk after Europe burns through gas reserves
Europe is burning through its gas reserves at the fastest pace in seven years, leaving Germany “acutely” exposed as cold ...
Ukraine Halts Flow of Natural Gas From Russia to Europe
Russia’s share of the EU pipeline natural gas market dropped sharply to about 8% in 2023, according to data from the EU ...
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Who pays for Zelensky's gas cut-off gamble?
Ukraine loses billions in gas transit fees, Europe faces soaring energy prices, with Russia largely insulated from the ...
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U.S. LNG Wins Big As Europe Boosts Overseas Gas Imports
Europe will need to boost overseas supply not only for this winter’s consumption but also in the spring and summer.