The expert explained how much Russia will lose from the gas break with the EU.
17.10.2024
1021

Journalist
Shostal Oleksandr
17.10.2024
1021

The readiness of the European Union to manage without Russian gas is beneficial for Ukraine
According to the oil and gas market expert Mikhail Krutikhin, the cessation of Russian gas supplies to the European Union is very beneficial for Ukraine, as it will deprive Russia of annual budget revenues of $6.5 billion.
Krutikhin commented on the relevant statement made by the European Commissioner for Energy Kadri Simson.
"The cessation of Russian gas supplies to the EU is very beneficial for Ukraine. Because the Russian Federation received approximately $6.5 billion annually for gas sent to Europe through Ukraine. And now this money will not go to the Russian military budget. And this is a great victory, as Ukraine will only lose $230 million received for transit. This is much less than the benefit of depriving Russia of such funds", - noted Krutikhin.
The expert emphasized that the European Union had previously decided on a complete rejection of Russian gas by 2027. So it is positive that all EU member states can manage without Russian gas as early as this winter.
"The few countries that still receive gas are Hungary through the "Turkish Stream", as well as Austria and Slovakia through transit via Ukraine. If Russian gas supplies via these routes are interrupted, they will be able to buy gas on European trading platforms. Of course, at a somewhat higher price due to competition. But this is the responsibility of these countries' leadership", - noted Krutikhin.
The expert believes that countries had enough Time to secure themselves with reliable alternative routes.
Read also
- There are two paths: The Economist explained why Europe should spend more money on Ukraine
- Beijing called Zelensky's remarks about Chinese soldiers irresponsible
- 'Not yet convinced': Trump was struck by the statement about China's involvement in the war against Ukraine
- Zelensky said who should control the ceasefire
- The Mayor of Kharkiv spoke about the new tactic of Russian strikes on the city
- Military Law Enforcement is investigating the circumstances of Nasirov's conscription