The European Union has recently imposed sanctions on the transshipment of Russian liquefied natural gas (LNG), set to take effect in March 2025, marking a significant shift in its energy policy amidst the ongoing war in Ukraine. This decision is expected to indirectly support Russia's war efforts until then, though environmental activists, including Greenpeace, have condemned companies like Fluxys for their roles in the gas trade. Concurrently, Ukraine faces the impending expiration of its gas transit agreement with Russia, likely resulting in a cessation of Russian gas flows by the end of the year, which could cost Ukraine up to $800 million annually in transit fees. The loss of this agreement will undermine Ukraine's strategic position in European energy markets, while Europe braces for potential energy volatility as it seeks alternatives. Experts warn that disruptions in gas supplies could lead to increased prices in the EU, particularly during the winter months. As both regions navigate this energy crisis, the shifting dynamics could reshape Europe's reliance on Russian energy sources.