Russian gas flows to Europe fall as Ukraine halts route

Gazprom told TASS news agency that supplies transiting Ukraine on Wednesday were at 72 million cubic metres in total, compared to 95.8 million cubic metres the day before. (Shutterstock)
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Updated 11 May 2022
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Russian gas flows to Europe fall as Ukraine halts route

  • GTSOU had promised to temporarily reroute all supplies via another crossing point to "fulfil its transit obligations to European partners in full"

Moscow: Russian gas transiting Ukraine for Europe dropped Wednesday after Kyiv said it was suspending flows along a key route as Moscow pushes its military operation.

The move fuels fears that the Kremlin's campaign in its pro-Western neighbor could see gas supplies to Europe via Ukraine cut off at a time when prices have already soared.

Ukraine's pipeline operator GTSOU said Tuesday that it was halting gas transport at the Sokhranivka transit point as Russian occupying forces now in control were interfering with operations.

GTSOU had promised to temporarily reroute all supplies via another crossing point to "fulfil its transit obligations to European partners in full".

Figures released by the company Wednesday showed that flows at Sokhranivka had dropped to zero and were due to rise at a second point, but not enough to replace the decrease.

GTSOU said the amount of gas transiting Ukraine via these routes on Wednesday could fall by 18 percent, or 16 million cubic metres, compared to Tuesday.

Russian gas giant Gazprom had denied that there was a case for the Ukrainian operator to declare "force majeure" and said it was impossible to reroute all the supplies.

Gazprom told TASS news agency that supplies transiting Ukraine on Wednesday were at 72 million cubic metres in total, compared to 95.8 million cubic metres the day before.

Ukraine is a major supply route for Russian gas to Europe and the two sides have kept flows going even after the Kremlin sent troops into Ukraine on February 24.
The European Union is scrambling to lessen its reliance on Russian energy supplies, but it has shied away from imposing sanctions on crucial gas flows.


Saudi POS spending jumps 28% in final week of Jan: SAMA

Updated 06 February 2026
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Saudi POS spending jumps 28% in final week of Jan: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors. 

POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity. 

Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million. 

Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million. 

Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million. 

Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week. 

The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week. 

In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.  

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.  

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.