Russia to end gas supply to Europe via Ukraine as five-year transit deal expires

Russia begins scaling-down gas supply to Europe via Ukraine as a five-year pre-war deal expires on New Year’s Day.

Transcript

00:00Russian gas has stopped flowing to the EU via Ukraine after a five-year deal with Kiev

00:07expired, marking the end of a decades-long arrangement.

00:11Ukrainian President Volodymyr Zelensky said earlier that his country would not allow Russia

00:16to earn additional billions on our blood.

00:19The EU said the continent's gas system was resilient and flexible and that it could cope

00:23with the change.

00:25Slovakia, however, could face disruption and Moldova, which is not in the EU, is already

00:30suffering shortages.

00:32While Russia has lost in important markets for its oil, Russian President Vladimir Putin

00:37says EU countries will suffer the most.

00:40Russia is projected to lose 5 billion euro in revenue facilitated by the deal.

00:45Russia can still send gas to Hungary, Turkey and Serbia through the TurkStream pipeline

00:50across the Black Sea.

00:52The EU had significantly reduced imports of gas from Russia after it launched its full-scale

00:56invasion of Ukraine in 2022.