End of Ukrainian Gas Transit Signals New Energy Woes for Europe

Era of cheap Russian gas to EU ends as transit across Ukraine stops Russian gas has stopped flowing to EU states via Ukraine after a five-year deal expired, marking the end of a decades-long arrangement. Ukraine’s Zelensky said earlier that his country would not allow Russia to “earn additional billions on our blood” and had given the EU a year to prepare. The European Commission said the continent’s gas system was “resilient and flexible” and that it could cope with the change. Slovakia, however, could face disruption and Moldova, which is not in the EU, is already suffering shortages. Russia…