European energy crisis fears rekindled as Ukraine blocks gas from Russia
The Peninsula
Moscow: Supplies of Russian gas via Ukraine ended at 8:00 a.m. Moscow time (05:00 GMT) on January 1, according to a contractual document on gas transi...
Moscow: Supplies of Russian gas via Ukraine ended at 8:00 a.m. Moscow time (05:00 GMT) on January 1, according to a contractual document on gas transit between Gazprom and Naftogaz.
The Kiev regime had repeatedly stated it had no intention to extend the transit agreement.
Fears of a new energy crisis have been rekindled in Europe with the end of Russian gas supply through Ukraine.
The winding down of cheap and reliable Russian gas transit will fuel energy costs, inflationary pressures, and the cost-of-living crisis, experts cited by Xinhua have warned.
“If there is a crisis in energy supply, Europe will be the most affected and this will weaken its economic power even more,” Croatian political analyst Robert Frank noted.
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Moscow: Supplies of Russian gas via Ukraine ended at 8:00 a.m. Moscow time (05:00 GMT) on January 1, according to a contractual document on gas transi...
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