What significant event occurred on New Year's Day regarding Russian gas exports?
Correct answer: B. Russian gas exports through Ukraine's pipelines stopped
- A. Russia increased its gas exports to Europe
- B. Russian gas exports through Ukraine's pipelines stopped
- C. Ukraine imposed new tariffs on Russian gas
- D. Moscow signed a new energy deal with Europe
Explanation
Russian gas exports through Ukraine stopped when the Russia-Ukraine transit agreement expired on 1 January 2025. This ended a major remaining route for Russian pipeline gas into Europe.
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Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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