Widely expected stoppage to not impact prices for consumers in the European Union \u2014 unlike in 2022
\nMOSCOW: Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year\u2019s Day, marking the end of decades of Moscow\u2019s dominance over Europe\u2019s energy markets.
\nThe gas had kept flowing despite nearly three years of war, but Russia\u2019s gas firm Gazprom said it had stopped at 5:00 GMT after Ukraine refused to renew a transit agreement. The widely expected stoppage will not impact prices for consumers in the European Union \u2014 unlike in 2022, when falling supplies from Russia sent prices to record highs, worsened a cost-of-living crisis and hit the bloc\u2019s competitiveness. The last remaining EU buyers of Russian gas via Ukraine, such as Slovakia and Austria, have arranged alternative supply, while Hungary will keep receiving Russian gas via the TurkStream pipeline under the Black Sea. But Transdniestria, a breakaway pro-Russian region of Ukraine\u2019s neighbour Moldova also reliant on the transit flows, cut off heating and hot water supplies to households early on Wednesday. <\/p>\n","protected":false},"excerpt":{"rendered":"
Widely expected stoppage to not impact prices for consumers in the European Union \u2014 unlike in 2022 MOSCOW: Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year\u2019s Day, marking the end of decades of Moscow\u2019s dominance over Europe\u2019s energy markets. The gas had kept flowing despite nearly three […]<\/p>\n","protected":false},"author":2,"featured_media":453027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-453014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n