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Which country will be most affected by the halt in Russian gas transit by March 31, 2025?
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Ukraine•Russian•Europe•Gazprom•European•Russian Foreign Ministry•Maria Zakharova•Russia•United States•Kyiv•Moldova•Transnistria•Slovakia•Robert Fico•Ukrainian•Volodymyr Zelensky•EU
Resolution / Starting Odds
Moldova • 25%
Slovakia • 25%
Germany • 25%
Other • 25%
Reports from European Union or major international news agencies
Story
Ukraine Halts Russian Gas Transit; European Gas Prices Surge Above €50 per MWh
Jan 2, 2025, 06:24 PM
Ukraine has halted the transit of Russian gas to Europe following the expiration of a five-year Gazprom contract, ending decades of gas supplies via Ukraine. This cessation has led to a 25% increase in European natural gas prices over two weeks, exceeding €50 per megawatt-hour—the highest level since October 2023. Russian Foreign Ministry spokeswoman Maria Zakharova stated that the disruption weakens Europe's economic potential and has a profoundly negative effect on living standards. Russia has accused the United States, certain European authorities, and Kyiv of being responsible for the halt, claiming that the U.S. is the main beneficiary. The halt has particularly impacted Moldova and the breakaway region of Transnistria, where industrial facilities have shut down due to a lack of energy resources, leading to heating shortages amid a cold snap. Slovakia's Prime Minister Robert Fico criticized Ukrainian President Volodymyr Zelensky for damaging EU finances by halting the gas transit, suggesting discussions on terminating energy supplies to Ukraine.
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Similar markets
Slovakia • 25%
Other • 25%
Moldova • 25%
Germany • 25%
Hungary • 25%
Other • 25%
Germany • 25%
Slovakia • 25%
Germany • 25%
Other • 25%
France • 25%
Italy • 25%
Increase LNG imports • 25%
Impose sanctions on Ukraine • 25%
No significant action • 25%
Negotiate a new transit deal • 25%
No noticeable impact • 25%
Significant economic impact • 25%
Moderate economic impact • 25%
Minimal economic impact • 25%
Decrease by over 20% • 25%
Decrease by less than 10% • 25%
Decrease by 10-20% • 25%
No significant change • 25%
Implement alternative gas routes • 25%
Other • 25%
Negotiate with Russia for new terms • 25%
Increase renewable energy investments • 25%
Minor price increase • 25%
Price decrease • 25%
No change • 25%
Significant price increase • 25%
Transit continues • 25%
Transit ends with major incidents • 25%
Transit ends with minor incidents • 25%
Transit ends without incident • 25%
Italy • 25%
France • 25%
Other • 25%
Germany • 25%
Sanctions imposed on Russia • 25%
No significant response • 25%
Diplomatic negotiations initiated • 25%
Strong condemnation of Russia • 25%