How much does the Russian gas stop cost us?

Written by: Jack Williams

Published on: January 2, 2025

Before the Russian invasion, Italy imported 30 percent of its gas supplies from Russia. In simple terms, we are talking about 30 billion cubic meters (2019 data). After the outbreak of the conflict, the share dropped to 2.9 billion, around 5 percent of annual consumption. However, in 2024 the trend was reversed and Italian imports of Russian natural gas grew by +50.7% compared to the same period in 2023. Therefore this stop to the transit of gas from Ukraine could have consequences on Italians’ bills with significant increases in 2025.

This is certainly yet another blow, yet another cost of the war between Russia and Ukraine that is poured into the pockets of citizens. Without forgetting another primary aspect: the energy turbulence could also have important repercussions on the industry, already dealing with a more marked slowdown than expected.

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Jack Williams

Jack Williams established himself as the editor-in-chief of The Vermilion with rigorous journalistic traits and an incessant quest for truth. His career began as an investigative reporter, where he quickly gained a reputation for his in-depth research and insightful articles. Williams takes his role at The Vermilion very seriously. Since he became editor-in-chief, he has set an editorial line based on impartiality, factual accuracy, and context relevance; this has established The Vermilion as a reference for political, economic, and global news. Under his leadership, the media continues its mission of reporting news with accuracy and equanimity, giving a voice to those who are often overlooked by large-scale media. Jack dedicates himself to fulfilling this mandate with passion, rigour, and unwavering determination.