💨 Abstract

Russia halted natural gas exports to Europe via Soviet-era pipelines running through Ukraine on New Year's Day as a transit deal expired and no agreement was reached between Moscow and Kyiv. The shutdown ends a decade of tense relations between the two countries, with Ukraine stopping Russian gas imports in 2015. Ukraine's Energy Minister stated that Russia is losing markets and will suffer financial losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖