Ukraine Says “Druzhba Pipeline Will Cease Operations” Of Russian Fuels This Winter

Ukrainian media has reported that starting January 2025, the transit of Russian oil through the Druzhba pipeline in the Eastern European country will be halted, along with the transit of natural gas. This is yet more geopolitical risk premium for European energy markets ahead of the Northern Hemisphere heating season.

Ukrainska Pravda cited an interview with Mykhailo Podoliak, an advisor to President Volodymyr Zelenskyy, and the Ukrainian media outlet Novyny. Podoliak said, “In addition to gas, the Druzhba pipeline will also cease operations starting 1 January 2025.” 

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