Finance
Ukraine may consider Russian gas transit if Moscow not paid during war
Published by Global Banking & Finance Review®
Posted on December 19, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 19, 2024
2 min readLast updated: January 27, 2026
Ukraine might allow Russian gas transit if Moscow isn't paid during the war, says Zelenskiy. EU ready for contract expiry with alternative supplies.
By Kate Abnett and Anastasiia Malenko
BRUSSELS (Reuters) - Ukraine could consider continued transit of Russian gas on the condition that Moscow does not receive money for the fuel until after the war, President Volodymyr Zelenskiy said on Thursday.
Ukraine has previously ruled out extending a contract to transit Russian gas, via Ukraine, to Europe, which is due to expire at the end of the year. Slovakia, one of the recipients of the gas, has been racing to prolong the deal.
"We would not prolong the transit of Russian gas. We will not give the possibility of additional billions to be earned on our blood, on the lives of our citizens," Zelenskiy told a news conference during a European Union summit in Brussels.
But he added: "If the country is ready to give us the gas, but not to pay the money back to Russia until the end of the war, then it's a possible potentiality. We can think about it."
The European Commission has said it is ready for the contract to expire, and all countries receiving Russian fuel via the Ukraine route have access to alternative supplies.
Zelenskiy lambasted Slovak Prime Minister Robert Fico, who has warned of the economic hit his country will face if it loses cheap gas from Russia.
"To be honest, during war, it's a bit shameful to talk about money, because we are losing people," Zelenskiy said.
Zelenskiy said he told Fico on Thursday that Ukraine would be open to carrying another country's gas through its infrastructure to reach Europe - but it would need assurances that this was not merely re-labelled Russian fuel.
"We have to know that we will only transit gas if it's not coming from Russia," Zelenskiy said.
(Reporting by Anastasiia Malenko, Kate Abnett, Editing by Charlotte Van Campenhout and Deepa Babington)
The main topic is Ukraine's consideration of Russian gas transit under specific conditions during the war.
Slovakia is concerned about the economic impact of losing cheap Russian gas.
The EU is ready for the contract to expire and has access to alternative gas supplies.
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