Russia's multi-billion dollar revenue stream may soon grind to a halt, thanks to Ukraine. Its ripple effects could hit Europe [Fortune]
Amazon.com, Inc. (AMZN)
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Source: Fortune
Key to that arrangement is Ukraine, the country Russia is at war with, as the countries have a deal in place to allow Russian gas to transit via Ukraine and reach Europe. The deal is nearing expiry when the year ends, and Ukrainian President Volodymyr Zelenskyy has resisted renewing the contract on the same terms even if the Kremlin wants it to. This could create a worry for Russia amid the plunging value of the ruble and a protracted war. Related Video Russia's gas revenues from supply sent via Ukraine to Europe will be worth $5 billion this year, according to Reuters estimates. In 2023, Russia shipped about 15 billion cubic meters of gas—only a fraction of the supply to Europe pre-pandemic. Meanwhile, Ukraine makes just $800 million from facilitating the transit of gas to Europe, the Center for European Policy Analysis (CEPA) said last week “Despite reams of evidence that Russia uses gas exports to inflict harm on Europe, buyers in Moscow-friendly countries are now pressur
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AMZN
Earnings
- 10/31/24 - Beat
AMZN
Sec Filings
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- 12/6/24 - Form 4
- AMZN's page on the SEC website