Kyiv has indicated it will not extend the transit deal, ending over 50 years of gas flows from Siberia to central Europe — a vital revenue stream for Russia since the Soviet era.

Russian gas monopoly Gazprom is planning for 2025 with the assumption that gas transit to Europe via Ukraine will cease after 31 December 2024. Source: Reuters Details: Ukraine has announced its intention to end the current transit agreement,

Russian gas exports to Europe through Ukraine have been stable on Monday despite a contractual row between Kremlin-owned Gazprom and Austria's OMV , which halted gas flows to the Vienna-based company this month.

After more than 50 years of ties, Austria has halted cooperation with Gazprom. The arrest of Russian gas was the catalyst for this decision, Reuters reports. The catalyst that ended over 50 years of gas flows from the Russian state energy giant Gazprom to the Austrian group OMV earlier this month was the arrest of Russian gas as payment to cover

Austria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian utility OMV.

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award.