Russia’s economy is bracing for a massive blow as Ukraine’s gas transit deal is set to expire on December 31st. President Zelenskyy has vowed not to renew the agreement unless Russia stops profiting from the pipeline while waging war on Ukraine. This could cost Moscow $5 billion annually, hitting an economy already struggling under Western sanctions. Meanwhile, Europe faces energy uncertainty, with nations like Slovakia and Austria scrambling for alternatives. How will Russia’s pivot to China and India impact the global energy market? Let’s dive into this high-stakes geopolitical showdown.
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