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Reading: Russia halts gasoline exports to Europe by way of Ukraine By Reuters
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Russia halts gasoline exports to Europe by way of Ukraine By Reuters
The Tycoon Herald > Business > Russia halts gasoline exports to Europe by way of Ukraine By Reuters
Business

Russia halts gasoline exports to Europe by way of Ukraine By Reuters

Tycoon Herald
By Tycoon Herald 2 Min Read
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MOSCOW (Reuters) – Russia’s power large Gazprom (MCX:) mentioned on Wednesday that gasoline exports by way of Ukraine to Europe had been halted from 08:00 Moscow time (0500 GMT) because the transit deal has expired.

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

Russia nonetheless exports gasoline by way of the TurkStream pipeline on the mattress of the Black Sea.

The European Union redoubled its efforts to cut back its dependence on Russian power after the outbreak of the army battle in Ukraine in 2022 by looking for different sources.

The five-year gasoline transit deal between Russia and Ukraine expired in early hours of Jan. 1, 2025, whereas Kyiv has repeatedly mentioned it might not prolong the settlement amid the struggle.

Russia halts gasoline exports to Europe by way of Ukraine By Reuters

“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 mentioned in a press release 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.”

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