President Vladimir Putin announced that no new gas transit deal will be signed with Ukraine, marking the end of a historic energy link between Russia and Europe. With Ukraine declining to extend the current agreement for the Soviet-era Urengoy-Pomary-Uzhgorod pipeline, Russian gas supplies to Europe through this route will cease. This comes amid Western sanctions, the Nord Stream pipeline's destruction in 2022, and the EU's pivot away from Russian gas. Despite challenges, Putin affirmed Russia and Gazprom will adapt, as the country faces diminished market share and intensified global competition.
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