Historic Halt: Russian Gas Flow via Ukraine Ceases amid Conflict

Russian natural gas exports through Ukraine to Europe ceased as the transit deal expired amidst conflict. Ukraine's Energy Minister declared the stoppage historic, predicting financial losses for Russia as Europe seeks alternatives. The TurkStream pipeline remains operational for Russian gas deliveries to central Europe.

In a significant move symbolizing the ongoing geopolitical tensions, Russian natural gas exports through Ukraine's Soviet-era pipelines to Europe came to a halt at the beginning of the New Year. This cessation follows the lapse of a transit deal and the inability of Moscow and Kyiv to negotiate a new one amid their ongoing conflict.

The disruption marks the end of a decade-long saga fraught with tension, triggered by Russia's annexation of Crimea in 2014. Ukraine had ceased purchasing Russian gas the following year, a decision reiterated amid the current hostilities and the refusal to renew the transit agreement. This situation underscores Europe's increasing detachment from Russian energy, as countries seek alternate sources to ensure energy security.

While Russia continues to supply gas via the TurkStream pipeline, the loss of the Ukrainian route—accounting for half of its exports to Europe—signals substantial financial implications for both nations involved. Particularly hard-hit is Moldova, which now faces a steep reduction in its gas usage.

(With inputs from agencies.)