Ukraine Halts Russian Gas Transit to Europe; Gazprom Faces $6.9B Loss

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Ukraine stopped moving Russian gas across its land as their 2019 deal ended, changing Europe's energy setup forever.

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Gazprom lost $6.9 billion for the first time in 20 years, while Ukraine won't get its yearly $800 million fee anymore.

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Europe cut down Russian gas use big time - from over 40% in 2021 to about 8% in 2023, showing it can manage without Russia.

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Russian gas now flows only through TurkStream pipeline, reaching Bulgaria, Serbia, and Hungary through Turkey.

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No heat or hot water hit Transnistria, a breakaway part of Moldova, leaving 450,000 people in trouble.

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Slovakia's leader Fico says stopping Russian gas will hurt Europe badly and threatens to cut Ukraine's power supply.

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Europe found new gas suppliers - getting ship loads from America and pipe supply from Norway.

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Gas prices dropped since 2022's high points but still cost more than double their usual rates.

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Europe wants to stop using all Russian fossil fuels by 2027, completely changing how it gets its energy.

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