Commodities

Ukraine Slams the Door on Bringing Russian Gas to Europe

  • Fuel prices had fallen on expectations of commercial deals
  • Energy Minister Galushchenko speaks in Bloomberg interview
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Ukraine’s top energy official ruled out any commercial agreements to allow Russian natural gas to continue flowing through the country after the current transit deal lapses at the end of the year.

The European Union and Ukraine have previously said they won’t renegotiate the existing contract, but some market participants are optimistic about the possibility of private deals to bring fuel into the trading bloc.