- Russian gas flowing through Ukraine into Europe fell by a quarter on Wednesday as Kyiv closed a major shipping route.
- German energy regulator Bundesnetzagentur said on Twitter that it is closely monitoring the situation.
- Despite strong sanctions against Russia, the EU continues to import natural gas.
Ukraine officially cut off supplies of Russian natural gas beyond its territory to Europe and cut supply by a quarter on Wednesday, hitting the region’s energy markets directly for the first time since the outbreak of the war.
Ukraine said it had stopped inflows from the main Sokranovka transit point in southern Russia. Reuters.
Grid operators Ukraine gas transmission system operators We first warned of closures on Tuesday. The company said in a statement Tuesday that it accused the Kremlin’s occupation forces of interfering with gas infrastructure and draining fuel.
Benchmark Dutch natural gas futures surged 8% on Thursday. The EU gets about 40% of its natural gas from Russia. And a third of that goes through pipelines that cross Ukraine.
It’s not immediately clear how long the turmoil will last and how it will affect the wider European economy. German Energy Regulators Bundesnettsiagentur Twitter has announced that it will stop monitoring the situation.
Despite strong and full-scale sanctions against Russia, the EU continues to import natural gas, sparking criticism that the bloc is funding the war in Ukraine. that much block The Russian government has promised to end its dependence on Russian gas before 2030. Reuters.
One analyst said it could be a strategic move for Ukraine to cut off some Russian gas to Europe. AP Communications.
“I think the fact that Europe is too slow to implement an energy embargo on Russia is being frustrated in Ukraine,” Tim Ash, senior emerging markets sovereignty strategist at BlueBay Asset Management, told The Associated Press. “If Europe isn’t ready to shut down Moscow’s energy money printing press, why won’t Ukraine solve the problem on its own?”