Ukraine's refusal to renew the five-year transit deal with Russia marks a significant turning point, as Energy Minister German Galushchenko declared, 'This is a historic event.' He emphasized that Russia is losing its markets and will face financial losses, citing Europe's decision to abandon Russian gas due to the ongoing military conflict.
Gazprom acknowledged the situation, stating that gas exports to Europe had halted because of Ukraine's refusal to renew the transit agreement. They noted, '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.'
Slovakian Prime Minister Robert Fico expressed concern over the financial implications of halting gas transit, calling Kyiv's unilateral decision 'totally irrational and wrong.' He indicated potential reciprocal measures, highlighting the gravity of the economic impact in Europe.
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