Commodities

Europe in Talks to Keep Russia-Ukraine Gas Pipeline Flowing

  • Russian gas still goes through Ukraine pipeline despite war
  • Parts of Europe are worried about the end of supply deal
The High Price of Deterring Russia
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European officials are in talks to keep gas flowing through a key Russia-Ukraine pipeline, as they race to prevent Moscow’s war further damaging the continent’s energy supplies.

Europe has tried to wean itself off Russian gas but several eastern European states continue to receive it through a pipeline that crosses Ukraine. The agreement that covers this transit arrangement expires at the end of this year. And with war raging, most market watchers expect the gas to finally come to a halt.