President Zelensky said his country would not allow Russia to "earn additional billions on our blood".

Russian gas supplies sent via Ukraine to Europe for more than 40 years are scheduled to end on January 1 after Ukraine's Naftogaz refused to renew its latest five-year transit deal with Russia's Gazprom.

Russian natural gas flows to Europe across Ukraine appear poised to halt Wednesday, after a transit deal expires, raising the stakes for the continent’s energy security as it draws heavily on reserves.

Ukraine's decision to turn off the taps keeping Russian gas flowing via its territory to Europe has already sown trouble in the continent's east, with Moldova declaring a state of emergency and

MOSCOW (Reuters) -Russian gas supplies to Europe via Ukraine are set to end on New Year's Day, bringing down the curtain on Moscow's long period of dominance of supply in the European gas market. Russia's oldest gas export route to Europe - a pipeline dating back to Soviet days - was set to shut at the end of 2024,

Slovak Prime Minister Robert Fico urged the European Commission to address the looming halt of Russian gas transit through Ukraine, saying the economic impact on the European Union will far outweigh the effect on Russia.

The declaration comes after President Volodymyr Zelensky confirmed during a press conference on Dec. 19 that Ukraine would not extend the transit agreement for Russian gas through its territory, which is set to expire on Dec.

Russian gas flows through Ukraine are set to stop on Wednesday when a transit deal between the two countries expires in the wake of Moscow’s full-scale invasion. The pipeline was one of the last two routes still carrying Russian gas to Europe nearly three years into the full-scale war.

MOSCOW >> Russian energy company Gazprom said it would pump a reduced volume of gas to Europe via Ukraine on Tuesday, the last day before the expiry of a deal that had kept the gas flowing throughout nearly three years of war.