11/15/2024

Austria Says Russia to Block Gas from Ukraine on Saturday

Ukraine's gas transit is due to expire at the end of 2024

On Friday, Russia told Austria it will suspend gas deliveries via Ukraine on Saturday, in a development that signals a fast-approaching end of Moscow's last gas flows to Europe.

Russia's oldest gas-export route to Europe, a pipeline dating back to Soviet days via Ukraine, is set to shut at the end of this year.

Ukraine has said it will not extend the transit agreement with Russian state-owned Gazprom (GAZP.MM), opens new tab in order to deprive Russia of profits that Kyiv says help to finance the war against it.

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