The chances of Ukraine and Russia agreeing to renew their five-year gas transit contract are slim given the ongoing war, Ukraine’s Energy Minister German Galushchenko told the Financial Times.

Moscow said bridges between Crimea and the Russia-occupied part of Kherson region have been struck by missiles.

The US said it would provide an additional $1.3 billion toward the cost of reversing the devastation inflicted on Ukraine by the Russia’s invasion, estimated by the World Bank at more than $400 billion over the next decade.

Latest Coverage

• Ukraine Says Russia Gas Transit Likely to End in 2024, FT Says
• EU Backs Fresh Russia Sanctions to Crack Down on Circumvention
• Sunak Unveils War-Risk Scheme to Spur Ukraine Reconstruction
• Blinken Pledges $1.3 Billion Aid for Ukraine Grid, Infrastructure

Coming Up

• Ukraine Recovery Conference concludes in London
• Central bankers from Ukraine and Poland speak at conference
• Informal meeting of EU General Affairs Council begins in Stockholm
• President Joe Biden hosts Indian Prime Minister Narendra Modi at the White House

(Corrects year in headline to 2024)