Ukraine reaffirms it will end Russian gas transit on December 31 By Investing.com

Ukraine reaffirms it will end Russian gas transit on December 31 By Investing.com
Ukraine reaffirms it will end Russian gas transit on December 31 By Investing.com

The Ukrainian government has announced that it will not renew its agreement with Russia regarding the transit of Russian gas through Ukraine, with the current contract set to expire on January 1, 2025. Ukrainian Prime Minister Denys Shmyhal made the statement on Monday, clearly indicating the end of the transit of Russian gas via Ukraine after the expiration of the agreement.

Prime Minister Shmyhal communicated the decision via the messaging application Telegram, following a discussion with Slovak Prime Minister Robert Fico. He underlined Ukraine's openness to facilitating the transit of gas from other countries, expressing its willingness to enter into discussions with the European Commission if it proposed the transit of non-Russian gas.

Shmyhal's message highlighted Ukraine's readiness to conclude agreements for the transit of gas of different origins, excluding Russia. “To this end, if the European Commission officially addresses Ukraine regarding the transit of any gas other than Russian, we will naturally discuss it and are ready to conclude an appropriate agreement,” Shmyhal said.

The move marks a significant change in Ukraine's energy transit policies and could have implications for Europe's gas supplies. The current gas transit agreement between Ukraine and Russia has been a crucial route for bringing Russian gas to European markets. With this change coming, alternative routes and sources may need to be considered by the European Commission and affected countries.

This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.

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