Russia Is Losing Its Grip on European Energy Markets

The end of 2024 isn't just the end of a year. It's also the end of Russian gas flows through Ukraine, which brings to an end a decades-long chapter of Moscow’s dominance over European energy markets.  While the EU has, to a large degree, insulated itself from immediate fallout—thanks to alternative supply deals in Slovakia and Austria—the move still carries weighty geopolitical consequences. Hungary remains reliant on Russian gas via TurkStream, but the real crisis has hit Moldova’s breakaway region of Transnistria,…