Ukraine's halt of Russian gas transit raises supply, price concerns

VALLETTA, Malta — A halt in Russian gas transit through Ukraine has sparked fears of supply shortages and soaring energy costs, particularly in landlocked European nations like Slovakia.

Both Ukraine and Russia announced the stoppage on Wednesday, pushing some EU countries to resort to costlier energy alternatives.

Slovak Prime Minister Robert Fico on Wednesday said that stopping gas transit through Ukraine to Europe will have "severe consequences for all of us in the European Union, but will not harm Russia".