Russia and Ukraine end five decades of gas transit to Europe

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Russia and Ukraine end five decades of gas transit to Europe - Business Mirror

Quick Summary:

Russian gas stopped flowing to Europe via Ukraine, closing off a route that’s operated for five decades after Kyiv refused to allow any transit that funds Moscow’s war machine.

With Russia’s piped flows to Europe diminished, President Vladimir Putin will likely double down on efforts to boost LNG shipments—long a personal ambition.

Across Europe, the loss of some crucial Russian piped gas threatens to drive up bills for households and industry as they strive to recover from the worst cost-of-living crisis in decades.