Friday, June 19, 2026

What the agreement means for Ukraine


DGermany and the United States on the completion of the Baltic Sea gas pipeline agreement Beixi 2 Continue to cause excitement. The criticism came mainly from Poland and Ukraine-not just from the government. The Ukrainian national gas company Naftogaz also delivered a speech. Naftogas CEO Jurij Vitrenko said that if Russia threatens Ukraine and its natural gas network in the future, Europe only needs to express its concerns-its natural gas supply is so safe.

Andreas Mihm

Business correspondent in Austria, Central and Eastern Europe, and Turkey based in Vienna.

“The North Stream 2 project poses a threat to the security of Ukraine and the entire region,” said the former energy executive minister, who was appointed by the government in May despite the opposition of the board of directors. That is not a “compensation issue, this is a regional security issue.” In this way, Vitrenko talked about the financial sector that has not been fully reviewed in the public debate so far, including the “joint statement of the United States and Germany in support of Ukraine, European energy security and our climate goals.” It pledged to provide more than $1 billion in funding for the restructuring of the Ukrainian energy industry.

The text mainly contains three commitments: Russia’s natural gas transit through Ukraine will continue from 2024 to 2034. Germany pledged to “use all available means of influence to extend the gas transit agreement between Ukraine and Russia for ten years and appoint a special envoy.” Negotiations should start on September 1st at the latest. In the earlier gas transport negotiations between Moscow and Kiev, Federal government Try to build a bridge.

“Energy as a weapon” should not be tolerated

headmaster Angela Merkel (CDU) has appointed Georg Graf Waldersee, Chairman of the Supervisory Board of the consulting firm Ernst & Young, as their representative for the final successful meeting in 2019. Russia’s Gazprom and Naftogaz have agreed to pass 40 billion cubic meters of natural gas annually by 2024. For this, Ukraine receives at least US$2 billion a year.



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