Ukraine’s decision to end the gas transit deal with Russian energy giant Gazprom has been hailed by President Volodymyr Zelensky as one of Moscow’s biggest defeats. Today, the transit of Russian gas is zero.

The ongoing conflict has highlighted the importance of diversifying gas supplies to build resilience against geopolitical risks.

Europe's natural gas prices rose on the first trading day of 2025 as Russia halted gas flows via Ukraine, leaving Europe scrambling for alternative supplies ahead of a predicted cold snap.

A transnational pipeline was shut down on Wednesday after Kyiv refused to renew a prewar agreement that allowed for the transit of Russian gas through its territory.

The White House described Ukraine's suspension of Russian gas transit as one of the most expensive defeats for Moscow, costing it around US$6.5 billion in revenue each year. Source: John Kirby, White House National Security Communications Advisor,

This will clearly deprive Russia of about $6.5 billion in annual revenue from gas sales to Europe. It’s one of the biggest and most expensive losses for Moscow. Of course, we welcome Ukraine’s decision and its determination,

The shutdown of Russian gas transit through Ukrainian territory is one of Moscow's "most costly defeats," U.S. National Security Council spokesperson John Kirby said, as reported by Ukrinform on Jan.