One side is in trouble, the other side is hit when Ukraine shuts off the Russian gas valve

Song Minh |

Russia pointed out the beneficiaries and the worst affected when Ukraine stopped the transit of Russian gas.

Ukraine has just terminated a contract for transporting Russian gas through its territory, causing great impacts on the European economy and making the US the main beneficiary, according to Russian Foreign Ministry spokeswoman Maria Zakharova.

By refusing to extend the contract with Gazprom after 2024, Kiev not only cuts off the flow of Russian gas to countries such as Austria, Hungary, and Slovakia, but also loses itself nearly $1 billion in transportation fees per year.

The US is the biggest beneficiary of the redistribution of the energy market in Europe, and is also the main sponsor of the Ukrainian crisis, RT quoted Zakharova as saying on January 2.

This move, she said, is part of Washington's strategy to dominate Europe. "The first victim is Europe's largest economy, Germany," she stressed, referring to the 2022 Nord Stream pipeline bombing that forced Germany to buy liquefied natural gas (LNG) from the United States at much higher prices, causing great damage to the country's industries.

Currently, other EU countries will also pay a heavy price for US support, Zakharova said, stressing that European governments have sacrificed the prosperity of their people to serve the interests of the US economy.

Ukraine's gas blockade, despite Gazprom fulfilling its contractual obligations and paying fees, has pushed European energy prices to a more than year's high and sent the euro to its lowest level against the US dollar since November 2022.

Although Slovakian Prime Minister Robert Fico warned of serious consequences from Ukraines decision, some officials such as Polish Foreign Minister Radoslaw Sikorski see it as a new victory after NATO expansion.

Meanwhile, Kiev has seen the termination of the contract as a historic event to deprive Russias traditional market. But the price is not only the domestic economic downturn but also widespread anger in European countries - who now face a more expensive winter than ever.

Song Minh
RELATED NEWS

The worst impact when the EU completely loses Russian gas via Ukraine

|

The EU will lose up to 30% of its Russian gas after the transit deal through Ukraine expires.

The situation in Germany when both Russian gas is lost and there is severe cold

|

With no more Russian gas in the cold winter, German officials are asking people to save gas.

Immediate consequences for Europe when losing Russian gas via Ukraine

|

The agreement to transit Russian gas through Ukraine to Europe ended at the beginning of the new year 2025, causing immediate consequences for all parties.

Two people died while constructing the IC15 connecting road of the Noi Bai - Lao Cai expressway

|

Lao Cai - An accident occurred during construction, killing 2 workers.

Garbage surrounds "resort paradise" Suoi Giang

|

Lao Cai - For many years, Suoi Giang resort paradise has been surrounded by garbage, odors and flies.

US helicopter shot down while searching for pilot shot down in Iran

|

2 US helicopters were hit by Iranian fire while participating in a search operation for a fighter pilot shot down on April 3 (US time).

Rabbit ơi!!" surpasses the million USD mark in the international market and Tran Thanh's problem

|

Tho oi!!" by Tran Thanh continued to reach a remarkable milestone when it reached the 1 million USD mark in its first week of screening in the international market.

Newly built school abandoned, teachers and students in mountainous areas study in cramped conditions

|

Lao Cai - The newly built school is tens of thousands of square meters wide but cannot be used while nearly 900 students are still crowded in old, cramped, and degraded classrooms.

The worst impact when the EU completely loses Russian gas via Ukraine

Ngọc Vân |

The EU will lose up to 30% of its Russian gas after the transit deal through Ukraine expires.

The situation in Germany when both Russian gas is lost and there is severe cold

Khánh Minh |

With no more Russian gas in the cold winter, German officials are asking people to save gas.

Immediate consequences for Europe when losing Russian gas via Ukraine

Ngọc Vân |

The agreement to transit Russian gas through Ukraine to Europe ended at the beginning of the new year 2025, causing immediate consequences for all parties.