Putin says there is no time to sign new Ukraine gas transit deal this year

file

President Vladimir Putin said on Thursday there was no time left this year to sign a new Ukrainian gas transit deal, and laid the blame firmly on Ukraine for refusing to extend the agreement that brings gas to Slovakia, the Czech Republic and Austria.

"They announced that they would not renew the contract," Putin said, adding that Kyiv was punishing Europe by the move.

The current five-year gas transit deal between Russia and Ukraine expires in the end of the year.

"There is no contract and it is impossible to conclude it in 3-4 days," Putin said in a televised briefing.

Russian gas supplies to Europe via Ukraine are relatively small. Russia shipped about 15 billion cubic metres (bcm) of gas via Ukraine in 2023 - only 8% of peak Russian gas flows to Europe via various routes in 2018-19.

The Soviet-era Urengoy-Pomary-Uzhgorod pipeline brings gas from Siberia via the town of Sudzha - which is now under control of Ukrainian military forces - in Russia's Kursk region. It then flows through Ukraine to Slovakia.

In Slovakia, the gas pipeline splits into branches going to the Czech Republic and Austria.

Russia is ready to supply gas via Ukraine to any customer but he said a lawsuit was making that impossible, Putin said.

Putin also reiterated Russia was ready to supply gas to Europe via Poland through the Yamal - Europe pipeline.

More from Business

  • H.H. Sheikh Maktoum reviews Dubai Economic Security Centre’s strategy

    His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has reviewed the Dubai Economic Security Centre's Strategy 2025-2030.

  • Dubai allows SZR, Al Jaddaf property owners to convert to freehold

    Dubai Land Department (DLD) announced on Sunday that private property owners of all nationalities in the Sheikh Zayed Road area (from the Trade Centre Roundabout to the Water Canal) and Al Jaddaf area can now convert their ownership status to freehold.

  • SEWA implements water networks projects in Kalba

    As part of Sharjah Electricity, Water and Gas Authority's (SEWA) efforts to improve and develop water transmission and distribution networks in all regions of the Emirate of Sharjah, the Authority announced on Sunday it is implementing a number of projects in Kalba city at a cost of up to AED107.4 million.

  • UAE ranks among top 35 countries with largest global maritime fleets

    The UAE has ranked among the top 35 countries globally with the largest shipping fleets by tonnage and capacity, according to the 2024 report by the United Nations Conference on Trade and Development (UNCTAD).

  • TikTok goes dark for US users

    TikTok stopped working in the United States late on Saturday and disappeared from Apple and Google app stores ahead of a law that takes effect on Sunday requiring the shutdown of the platform used by 170 million Americans.