Czechia is ready to help Slovakia ensure stable gas supplies. Prague can offer this assistance once Ukraine halts the transit of Russian gas, states the Czech Minister of Industry, Lukas Vlcek, according to Reuters.

Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia's once mighty hold over the European gas market.

Leaders of the two countries have exchanged accusations and threats ahead of an anticipated halt to Russian gas flows via Ukraine

Slovak Prime Minister Robert Fico announced on Dec. 27 that his government will evaluate potential reciprocal measures against Ukraine, including halting electricity supplies, if Ukraine stops the transit of Russian gas to Slovakia after January 1.

Slovakia will consider reciprocal measures against Ukraine such as halting back-up electricity supplies after Jan. 1 if Kyiv, as expected, stops the transit of Russian gas to Slovakia, Prime Minister Robert Fico said on Friday.

Ukraine will quadruple gas transit tariffs for its domestic customers starting Jan. 1 when a deal to transport Russian gas through Ukrainian pipes expires, the National Energy Regulatory Commission said during a meeting on Dec.

The current gas transit deal between Russia and Ukraine expires at the end of 2024, with Vladimir Putin having already said there was no time left to renew the contract. Will eastern EU members be hit the hardest?

Ukraine will quadruple gas transmission tariffs for domestic consumers from Jan. 1 to offset the impact of lost revenue following the year-end expiry of the gas transit agreement with Russia, officials said on Monday.