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Russia Warns Europe of Consequences Following Ukraine's Gas Transit Agreement Expiration

share-iconFriday, January 03 comment-icon4 weeks ago 7 views
News sources:
newsweekNEWSWEEK
Russia Warns Europe of Consequences Following Ukraine's Gas Transit Agreement Expiration

Credited from: NEWSWEEK

  • Russia asserts that Ukraine was influenced by the **U.S.** in deciding not to renew its gas transit agreement with **Gazprom**, which could negatively affect European economies.
  • Foreign Ministry spokesperson Maria Zakharova indicated that the expiration of the agreement may hurt **European living standards** and weaken their economic potential.
  • The decision could cost **Gazprom** approximately **$5 billion** annually, although gas will still arrive through **other pipelines** like TurkStream.
  • Ukraine's rejection of the deal, aimed at stopping financial benefits to Russia, aligns with the **REPowerEU** initiative to decrease reliance on Russian fossil fuels.
  • Statements from U.S. officials emphasize that **Ukraine** is taking steps to become an energy hub, countering Russia's influence in the region.

For more details, read the full article here.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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