Russian and Ukrainian gas companies say they have finalized a slew of contracts ensuring uninterrupted transit of Russian natural gas to Europe.

Ukraine’s President Volodymyr Zelenskiy hailed the agreements that were signed late Monday, saying they will allow Ukraine to get at least $7 billion in transit payments from Russia over the next five years.

The deal that comes just 24 hours before the current transit contract expires on Tuesday will ease European fears of an interruption in Russian gas supplies. Russia ships about 40% of its European gas deliveries through pipelines that cross Ukraine.