‘No heating, no light': Moldovans fear looming energy shortage as Russia halts gas supplies
Associated PressDEC 31 2024
Ukraine Halts Transit of Russian Gas to Europe
Above: A damaged sign of the gas measuring station ‘Sudzha’ with the logo of Gazprom is seen on Aug. 16, 2024, in Sudzha, Russia. Image copyright: Yan Dobronosov/Contributor/Global Images Ukraine via Getty Images
The Spin
Pro-Ukraine narrative
This is a historic victory for Ukraine and Europe's energy independence and national security. Europe has successfully diversified its energy sources and reduced Moscow's ability to use gas as political leverage. The economic impact on Russia demonstrates the effectiveness of reducing dependence on Russian energy.
Pro-Russia narrative
This transit contract isn't the end of the world. It's not Russia but European economies that will face drastic consequences, potentially leading to higher energy prices and supply uncertainties. The alternative sources are more expensive and could harm European industrial competitiveness.