Ukraine has officially shut some Russian gas flow to Europe, marking the most direct impact to European energy markets so far in the war
- Russian gas flowing to
Europevia Ukrainefell by a quarter on Wednesday as Kyiv closed a major transit route.
energyregulator Bundesnetzagentur said on Twitter it's closely monitoring the situation.
Ukraine officially shut off the flow of Russian
Ukraine halted flows from the key Sokhranovka transit point in southern
Grid operator Gas Transmission System Operator of Ukraine first warned of the closure on Tuesday. The company blamed Kremlin's occupying troops for interfering with gas infrastructure and for siphoning fuel, it said in an announcement on Tuesday.
Benchmark Dutch natural gas futures jumped 8% on Thursday in response. The EU gets about 40% of its natural gas from Russia. and a one-third of this runs through
It was not immediately clear how long the disruption would last and what the impact on the wider European economy might be. German energy regulator Bundesnetzagentur said on Twitter it was closing monitoring the situation.
Despite hard-hitting and sweeping sanctions against Russia, the EU has continued to import its natural gas, prompting criticism that the bloc is funding the war in Ukraine. The bloc has pledged to end its reliance on Russian gas "well before 2030," according to Reuters.
Ukraine's shutdown of some Russian gas to Europe could be a strategic move, an analyst told the Associated Press.
"I think frustrations are building in Ukraine that Europe is proving too slow in rolling out an energy embargo on Russia," Tim Ash, senior emerging
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