Policy & Regulation
EU solidarity law may be tested if Ukraine-Russia transit talks falter
The EU’s revised solidarity law for gas may be put to the test for the first time this winter if there is no breakthrough in the negotiations and supplies to Europe are disrupted The EU’s revised solidarity law for gas may be put to the test for the first time this winter if there is no breakthrough in the negotiations and supplies to Europe are disrupted.
13 hours ago
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In a worst-case-scenario, Russian gas supplies to Europe via the 140 billion cubic metre per year Ukrainian route may be disrupted unless Moscow and Kiev agree on a new transit agreement before the current one expires on 31 December.
The combination of a cold winter with supply disruptions – the latter of which was seen in 2006 and 2009 – could lead to gas shortages in Eastern Europe despite full storage tanks across the continent. The EU adopted its revised...
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