Russian gas supplies to Europe via Ukraine are to end on Wednesday, when a five-year deal between Ukraine's gas transit operator Naftogaz and Russia's Gazprom expires. Ukrainian President Volodymyr Zelensky said his country would not allow Russia to "earn additional billions on our blood" and had given the EU a year to prepare.

The contract between Kyiv and Moscow for the transit of Russian gas expires January 1. This historic event is a source of tension, as Slovakia and Hungary, which are particularly dependent on Russian supplies,

Russian gas supplies sent via Ukraine to Europe for more than 40 years are scheduled to end on January 1 after Ukraine's Naftogaz refused to renew its latest five-year transit deal with Russia's Gazprom.

Ukraine's decision to turn off the taps keeping Russian gas flowing via its territory to Europe has already sown trouble in the continent's east, with Moldova declaring a state of emergency and Slovakia threatening Kyiv with retaliation.

Russia's loss-making Gazprom will lose close to US$5 billion in gas sales to Europe via Ukraine. Read more at straitstimes.com.

Hungary is in talks with Russia and Ukraine on keeping open gas shipments via Ukraine even though its Russian gas imports now come via the Turkstream pipeline, Prime Minister Viktor Orban said on Saturday,

Hungary is seeking a solution that would allow gas flows to Europe via Ukraine to continue once the current transit contract between Moscow and Kyiv expires, Prime Minister Viktor Orban said.

Hungarian Prime Minister Viktor Orban has said that Budapest is in talks with Russia and Ukraine on keeping open gas shipments via Ukraine even though its Russian gas imports now come via the Turkstream pipeline.

Russian gas flows through Ukraine are set to stop on Wednesday when a transit deal between the two countries expires in the wake of Moscow’s full-scale invasion. The pipeline was one of the last two routes still carrying Russian gas to Europe nearly three years into the full-scale war.