Putin, Zelenskiy Rule Out Renewal of Key Gas Deal for Europe

  • ‘There will be no such contract, it’s clear now,’ Putin says
  • European gas prices surge the most in more than a month
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European gas futures jumped the most in more than a month after the leaders of Ukraine and Russia both ruled out the renewal of a key transit deal for the region.

President Volodymyr Zelenskiy indicated Ukraine won’t transit Russian-origin gas unless he has assurances the Kremlin won’t benefit financially while the war continues. President Vladimir Putin said Kyiv has refused to extend the five-year deal beyond its expiry at year’s end.