On New Year's Day, the moment Ukraine's deal to transport Russian gas through its pipelines to Europe ended, the taps were turned off. It's a move heralded by Volodymyr Zelenskyy as damaging to Russia and its allies. The Times' correspondent Oliver Moody analyses exactly what it does mean for Vladimir Putin and why it may not mean huge price hikes for much of the west.

The World in 10 is the Times' daily podcast dedicated to global security. Expert analysis of war, diplomatic relations and cyber security from The Times' foreign correspondents and military specialists. 

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