Connect with us

Hi, what are you looking for?

Ukraine imports nearly 60 percent of all its gas from Russia/AFP


Gas transit to EU ‘not endangered’ in Ukraine-Russia row

© AFP/File | Ukraine imports nearly 60 percent of all its gas from Russia/AFP

© AFP/File | Ukraine imports nearly 60 percent of all its gas from Russia/AFP

BRUSSELS, July 1- Gas supplies to Ukraine and the EU will not be endangered despite an announcement by Russia that it will cut the flow to Ukraine, a senior European official said Wednesday.

“Both gas deliveries to Ukraine and transit to the EU are not endangered,” said Maros Sefcovic, the European Commission’s vice president for energy union.

Russian gas giant Gazprom said on Wednesday it was halting all natural gas supplies to Ukraine after Kiev announced the immediate suspension of Russian gas purchases late Tuesday.

That came after European Union brokered talks on securing Russian gas supplies to Ukraine for at least three more months broke up in Vienna Tuesday without agreement.

Sefcovic cited “strong mechanisms of reverse flow” which would allow gas to be sent from the EU to Ukraine, and better preparations for such situations to support the statement that supplies were not endangered.

The dispute comes amid tense relations between Moscow and Kiev over the conflict in eastern Ukraine, in which Russia denies directly supporting separatist rebels.

Europe receives more than 40 percent of its gas from Russia via Ukraine.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...