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.

Trade union news: New regulations on increased income for teachers from 2026

|

Trade union newsletter: Active general labor recruitment before the New Year in Ho Chi Minh City; How is the increased income level of teachers regulated from January 1, 2026...

Putin plans to spend $1 billion from frozen assets for Trump's Peace Council

|

Mr. Putin is willing to contribute $1 billion from Russian assets frozen in the US to the "Peace Council" initiative proposed by Mr. Trump.

People in flood-affected areas in Lam Dong make efforts to restore production after natural disasters

|

Lam Dong - After the natural disasters at the end of 2025, people are improving soil, planting, gradually restoring production and stabilizing life.

It's a bit of a bit of a bit of a bit of a bit of a bit.

Chelsea wins controversial Champions League match

|

In the early morning of January 22 (Vietnam time), Chelsea defeated Pafos with a score of 1-0 at home in the Champions League.

Nhat Le 3 bridge is about to be completed but the access road is still blocked

|

Quang Tri - Nhat Le 3 bridge is about to reach the finish line, but so far 13 households have not handed over land, affecting the construction progress of the project.

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.