On 27 December local time, Slovakia's Prime Minister Fico said that Slovakia would consider reciprocal measures against Ukraine
By stopping much-needed electricity supplies to the country if Ukraine stops Russian gas transit.
Russia and Ukraine signed a five-year agreement in 2019 on the transit of Russian gas through Ukraine to Europe,
Which is due to expire on the 31st of this month. Ukrainian President Zelensky said on the sidelines of the European Union summit on 19 December that the Ukrainian side would not extend the agreement.
Prime Minister Shmegal had said on 20 January that the Ukrainian side would shut down the gas pipeline on 1 January 2025 at 07:00 hours.
He also said that if the European Commission makes a request, in compliance with legal and technical conditions, it does not exclude the possibility of continuing to transport Russian gas to Europe through Ukraine.
It can be seen that the contradictory conflicts of the Russian-Ukrainian war still exist, and may further affect Eastern Europe, and even the global economy.
Distributors selling in Eastern Europe or Europe need to be aware that this will not only bring about a serious energy and food crisis, but will undoubtedly exacerbate the global inflation problem.
Those who plan to sell in Europe can therefore plan their purchases in advance to minimise the impact of inflation.
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