Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Ukraine may consider Russian gas transit if Moscow not paid during war

Published 12/19/2024, 10:23 AM
Updated 12/19/2024, 10:28 AM
© Reuters. Ukraine's President Volodymyr Zelenskiy looks on as he attends a European Union leaders summit in Brussels, Belgium, December 19, 2024. REUTERS/Johanna Geron

By Kate Abnett and Anastasiia Malenko

BRUSSELS (Reuters) - Ukraine could consider continued transit of Russian gas on the condition that Moscow does not receive money for the fuel until after the war, President Volodymyr Zelenskiy said on Thursday.

Ukraine has previously ruled out extending a contract to transit Russian gas, via Ukraine, to Europe, which is due to expire at the end of the year. Slovakia, one of the recipients of the gas, has been racing to prolong the deal.

"We would not prolong the transit of Russian gas. We will not give the possibility of additional billions to be earned on our blood, on the lives of our citizens," Zelenskiy told a news conference during a European Union summit in Brussels.

But he added: "If the country is ready to give us the gas, but not to pay the money back to Russia until the end of the war, then it's a possible potentiality. We can think about it."

The European Commission has said it is ready for the contract to expire, and all countries receiving Russian fuel via the Ukraine route have access to alternative supplies.

Zelenskiy lambasted Slovak Prime Minister Robert Fico, who has warned of the economic hit his country will face if it loses cheap gas from Russia.

"To be honest, during war, it's a bit shameful to talk about money, because we are losing people," Zelenskiy said.

© Reuters. Ukraine's President Volodymyr Zelenskiy looks on as he attends a European Union leaders summit in Brussels, Belgium, December 19, 2024. REUTERS/Johanna Geron

Zelenskiy said he told Fico on Thursday that Ukraine would be open to carrying another country's gas through its infrastructure to reach Europe - but it would need assurances that this was not merely re-labelled Russian fuel.

"We have to know that we will only transit gas if it's not coming from Russia," Zelenskiy said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.