10.01.2025, 10:09
"One hundred days left." Zelensky issued an ultimatum
Source: OREANDA-NEWS
OREANDA-NEWS The consequences of stopping the transit of Russian gas through Ukraine are already making themselves felt. Fuel prices have jumped above $500 per thousand cubic meters, with losses estimated at hundreds of billions of dollars per year. Kiev is taking an aggressive position and does not want negotiations with the European side. In response, Slovakia threatens to cut off its neighbor's electricity. What all this will lead to is in the RIA Novosti article.
Despite the dissatisfaction of the allies, the Ukrainian authorities flatly refused to extend the agreement. Shoals and the option of transferring ownership to Europeans on the Russian border.
Kiev ignored the negotiations scheduled for January 7 with the European Commission (EC) and the Slovak delegation. "With this in mind, the European Commission has decided to cancel the meeting. However, the EC, in cooperation with interested parties, is looking for another date," the Slovak cabinet said.
Slovak Prime Minister Robert Fico called Kiev's actions sabotage. "Zelensky purposefully harms the financial interests of Slovakia and the EU, although the EC clearly states in its official letter: nothing prevents Ukraine from continuing transit," he said. In his opinion, "this adventure" will cost the EU 70 billion euros.
Evangelos Mytilineos, managing director of the Greek energy company Metlen Energy & Metals, estimated the pan-European losses at 100 billion euros per year.
"This is not only about additional fuel costs, but also about the consequences of another industrial downturn due to expensive energy. In the last wave of deindustrialization, heavy industry was seriously affected, as well as industries that use gas not as an energy carrier, but as a raw material: the production of nitrogen fertilizers and the chemical industry. If prices go up again, the EU will again face massive closures of the remaining enterprises," explains Igor Yushkov, a leading expert at the National Energy Security Foundation and the Financial University under the Government of Russia.
Bratislava, on the other hand, loses a lot on transit to other countries — about 500 million euros annually "and a billion euros at higher gas prices." Fico advocates the restoration of transit or the search for mechanisms to compensate the state budget.
Despite the dissatisfaction of the allies, the Ukrainian authorities flatly refused to extend the agreement. Shoals and the option of transferring ownership to Europeans on the Russian border.
Kiev ignored the negotiations scheduled for January 7 with the European Commission (EC) and the Slovak delegation. "With this in mind, the European Commission has decided to cancel the meeting. However, the EC, in cooperation with interested parties, is looking for another date," the Slovak cabinet said.
Slovak Prime Minister Robert Fico called Kiev's actions sabotage. "Zelensky purposefully harms the financial interests of Slovakia and the EU, although the EC clearly states in its official letter: nothing prevents Ukraine from continuing transit," he said. In his opinion, "this adventure" will cost the EU 70 billion euros.
Evangelos Mytilineos, managing director of the Greek energy company Metlen Energy & Metals, estimated the pan-European losses at 100 billion euros per year.
"This is not only about additional fuel costs, but also about the consequences of another industrial downturn due to expensive energy. In the last wave of deindustrialization, heavy industry was seriously affected, as well as industries that use gas not as an energy carrier, but as a raw material: the production of nitrogen fertilizers and the chemical industry. If prices go up again, the EU will again face massive closures of the remaining enterprises," explains Igor Yushkov, a leading expert at the National Energy Security Foundation and the Financial University under the Government of Russia.
Bratislava, on the other hand, loses a lot on transit to other countries — about 500 million euros annually "and a billion euros at higher gas prices." Fico advocates the restoration of transit or the search for mechanisms to compensate the state budget.
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