Austria says Russia to cut off gas from Saturday [View all]

LONDON/VIENNA (Reuters) -Russia told Austria on Friday it will suspend gas deliveries via Ukraine on Saturday, in a development that signals a fast-approaching end of Moscow's last gas flows to Europe.

Russia's oldest gas-export route to Europe, a pipeline dating back to Soviet days via Ukraine, is set to shut at the end of this year.

Ukraine has said it will not extend the transit agreement with Russian state-owned Gazprom in order to deprive Russia of profits that Kyiv says help to finance the war against it.

Moscow's suspension of gas for Austria, the main receiver of gas via Ukraine, means Russia will now only supply significant gas volumes to Hungary and Slovakia, in Hungary's case via a pipeline running mostly through Turkey. In contrast, Russia met 40% of the European Union's gas needs before Moscow's 2022 invasion of Ukraine.

https://www.yahoo.com/finance/news/austrias-omv-informed-gazprom-deliveries-150454416.html