Russian Gas Exports Through Ukraine Halt: A Turning Point for Europe
1 month ago
16
A historic shift in Europe’s energy landscape: Russian gas exports through Ukraine have officially stopped as the decades-old transit deal expired on New Year’s Day. Once a key link for half of Russia's gas exports to Europe, this halt marks a major step in Europe’s move away from Russian energy amid the ongoing war.
While TurkStream continues to supply parts of Central Europe, the financial blow to Russia—$5 billion annually—is undeniable. Europe has been preparing by diversifying suppliers and boosting resilience, but smaller nations like Moldova face significant challenges.
What does this mean for Europe’s energy independence? Let’s explore the impact and the road ahead.
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