EL7.AI
CommoditiesMedium•2 November 2026•
1 min read

Kremlin Rejects Resuming Russian Gas Transit via Ukraine Despite US Proposal

Key Facts

1Kremlin spokesman Dmitry Peskov stated it is currently impossible to resume Russian gas transit to Europe through Ukraine.
2The Russian response follows reports of a Trump administration plan to sell gas via a US intermediary with proceeds held in escrow.

Kremlin spokesman Dmitry Peskov stated it is currently impossible to resume Russian gas transit to Europe through Ukraine. Il Sole 24 ORE reported that the Russian response follows reports of a Trump administration plan to sell gas via a US intermediary with proceeds held in escrow.

The US proposal involves an intermediary and escrow accounts to bypass sanctions and ensure winter energy security, but Russia claims operational and political realities prevent its implementation. In related economic context, the Russia Manufacturing PMI was recorded at 49.9 on November 2, 2026, slightly below the expansion threshold.

Global markets are monitoring the US Midterm Elections scheduled for November 3, 2026, which may influence future foreign policy and energy strategies.