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.

Cinema is a spearhead in the picture of cultural development

|

Vietnamese cinema affirms its leading role in the overall development of the cultural industry, while recognizing the contributions of many generations of artists to the industry.

Nearly 62 million voters voted to elect National Assembly deputies and People's Council deputies

|

As of 2:15 PM, about 61,760,000 voters participated in voting, reaching 80.63%; of which 380 communes, wards and polling areas completed voting.

Athletes and coaches participate in elections

|

Coaches and athletes participating in the election affirmed that each ballot is a responsible choice for the development of the country.

32 voters aged 100 and over in Quang Ninh vote to elect National Assembly and People's Council deputies at all levels

|

Quang Ninh - On the morning of March 15, many voters, although elderly in the province, still tried to be present at the polling station to exercise their rights and obligations as citizens.

Ballot boxes in Con Co special zone overcome waves to help voters exercise their right to vote

|

Quang Tri - Con Co Special Zone has arranged ships to bring auxiliary ballot boxes across large waves to the sea, helping voters on ships to exercise their citizen rights.

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.