Ukraine ‘punishing’ EU – Putin – #INA
Ukraine is punishing the EU by refusing to increase a transit deal for the provision of Russian pure gasoline to the bloc, Russian President Vladimir Putin stated on Thursday. Kiev’s choice will end in greater vitality costs for European customers, he warned.
The contract between Moscow and Kiev that brings pipeline gasoline to the EU expires on December 31. The Ukrainian management has repeatedly warned that it has no plans to delay the deal, regardless of pleas from some EU member states. The movement of gasoline through the transit community might be halted on January 1, Ukrainian Prime Minister Denis Shmigal has stated.
Talking to journalists on Thursday, Putin stated that Kiev is “biting Europe’s hand as a result of with out European assist Ukraine can’t even exist, not to mention battle.”
“Nicely, now they (Ukrainians) are punishing Europe by ending the contract for the provision of our gasoline…”
European gasoline costs have risen to $500 per thousand cubic meters and can proceed to surge when the transit deal expires, the Russian president warned, noting “we’re not upsetting this, it’s their coverage.”
Russia has at all times advocated “depoliticization of financial points” and has not interfered with gasoline provides to the EU, Putin identified.
He added that Russia nonetheless maintains transit of gasoline through Ukraine. “We provided recurrently and paid, and proceed pay, by the way in which, cash for transit,” he identified.
Moscow is able to provide gasoline through Ukraine underneath a contract with any counterparty, nevertheless it’s unimaginable to achieve a deal in three or 4 days, Putin stated.
The five-year transit settlement between Russian vitality large Gazprom and Ukrainian state vitality agency Naftogaz was signed in 2019. The deal entailed Gazprom transiting 65 billion cubic meters (bcm) of gasoline by means of Ukraine in 2020 and 40 bcm yearly between 2021 and 2024.
Gazprom, as soon as the EU’s essential gasoline supplier, dramatically lowered its exports to the bloc in 2022, following the imposition of sanctions in opposition to Russia and the sabotage of the Nord Stream pipelines.
The EU nonetheless receives round 5% of its gasoline from Russia through Ukraine, in line with the newest knowledge. Ukraine’s transit community is related to the pipeline techniques of Moldova, Romania, Poland, Hungary, and Slovakia.
Earlier this month, Slovak state-owned vitality firm SPP and vitality operators from Austria, Hungary, and Italy signed a declaration in assist of continuous Russian gasoline transit, describing it as “the very best resolution not just for gasoline customers in Europe, but additionally for Ukraine itself.”
The EU declared its intention to finish its dependence on Russian vitality provides following the escalation of the Ukraine battle in 2022. Provides of higher-cost US gasoline have changed a lot of a budget pipeline gasoline beforehand delivered by Russia.
Ukraine ‘punishing’ EU – Putin
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