Putin has turned off the valve! The shipment of Russian gas to Europe has been halted.

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Russian energy company Gazprom announced that the natural gas shipments to Europe via Ukraine have been halted.

AGREEMENT ENDED TODAY

In a statement from Gazprom, it was noted that the agreement regarding the shipment of Russian gas to Europe via Ukraine ended today (UTC) at 08:00.

CLAIM THAT "UKRAINE REFUSED TO EXTEND THE AGREEMENT"

The statement indicated that Ukraine has refused to extend the said agreement, stating, "Gazprom has been deprived of the opportunity to supply natural gas via Ukraine. There are no shipments of Russian natural gas being carried out through Ukraine."

GAZPROM EARNED BILLIONS OF DOLLARS FROM THE AGREEMENT

According to data published by the Ukrainian government for the end of 2023, the amount of Russian gas transported through the country to Europe via pipelines decreased by approximately 28% in 2023 compared to 2022, falling to 15 billion cubic meters. It is estimated that Ukraine earned about 1 billion dollars annually from the said contract, while Gazprom earned more than 3 billion dollars a year.

THE ONLY ROUTE IS TURKEY

As the main pipelines transporting Russian gas to Europe, Nord Stream 1, Nord Stream 2, and Yamal-Europe are rendered idle, Turkey emerges as the only route in the event of a halt in shipments from Ukraine.