The move will cost Ukraine $1 billion in fees received from Russia.{ai:summary}<p>Russian gas exports to Europe ceased on New Year's Day due to a transit agreement impasse with Ukraine, impacting regions like Transdniestria. While Slovakia and Austria were the last buyers, they have sufficient alternative supplies for 2025, despite higher costs ahead.</p><p>Ukraine's Energy Minister noted this as a historic loss for Russia, projecting a $5 billion annual deficit for Gazprom. The EU claims its gas infrastructure can accommodate non-Russian sources, bolstered by new LNG capacities since 2022, as the bloc diversifies its energy supply post-invasion. #economy</p>

Russian energy company Gazprom halts gas exports to Europe through Ukraine after Kyiv refuses to new transit agreement

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