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HomeWorldThe EU is interested...
June 11, 2024

The EU is interested in continuing gas transit through Ukraine and the Russian Federation, but not Russian gas, – Bloomberg

By David
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    The EU is interested in continuing the transit of gas through Ukraine and the Russian Federation, but not Russian gas.

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    .

    Bloomberg reports this, citing sources.

    The agreement on the transit of Russian gas through Ukraine expires in 2024, and Kyiv has already made it clear that it will not continue it.

    However, some European countries still depend on Russian gas, so non-public negotiations on continuing transit continue, the material notes.

    One of the options being discussed is for European companies to buy gas from Azerbaijan and pump it into Russian pipelines, the agency notes.

    Revenues from continued transit would provide critical funding for Ukraine’s wartime economy.

    However, there is concern that the pipelines could become military targets or fall into disrepair, which would require large costs to restore them.

    The proposal could also be interesting for Russia if it were framed as a swap – this would give Moscow the opportunity to send gas to other regions, in the face of the loss of the European market and China’s demands for discounts.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

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