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End of Russian Gas Supply Era: Ukraine Halts Major Pipeline

share-iconPublished: Tuesday, January 07 share-iconUpdated: Tuesday, January 07 comment-icon3 months ago
News sources:
VOANEWS
End of Russian Gas Supply Era: Ukraine Halts Major Pipeline

Credited from: VOANEWS

  • A crucial **natural gas pipeline** from Russia to Europe has ceased operations as Ukraine cut off supplies.
  • This action aims to financially **hurt Russia**, marking a significant policy shift in European energy reliance.
  • Ukraine is projected to **lose up to $1 billion** yearly in transit fees due to this decision.
  • In contrast, Russia's **Gazprom** could incur losses of approximately **$5 billion annually** in gas revenue.
  • For additional insights, consider reading the full story here.

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Russia Ukraine Gas supply Europe Energy crisis
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Author:

Gloria Terra

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

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