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January 1, 2025 2:14 PM

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Russian gas exports to Europe via Ukraine halted as transit deal expires

Russian natural gas exports via the Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day. The transit deal expired, and Moscow and Kyiv have been unable to reach a new agreement to continue the flows.

The shutdown of Russia’s oldest gas route to Europe marks the end of a decade-long strained relationship, which began with Russia’s seizure of Crimea in 2014. Ukraine ceased buying Russian gas the following year.