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New EU gas plan: Slovakia demands compensation


Jún, 30 2025
watermark Economic news

At the EU summit on June 26, Slovakia blocked the introduction of the 18th package of sanctions against Russia. The reason for this step was the requirement for the European Commission to grant the country certain concessions in connection with plans to completely stop importing Russian gas to the EU by 2027.


Slovak Prime Minister Robert Fico has strongly stated the need for compensation if the ban on Russian gas supplies is nevertheless adopted. The European Commission has reviewed this requirement and accepted it for consideration. However, the EC representative noted that the relevant draft was submitted only three weeks ago and is at the initial stage of discussion.


In early June, the EC proposed an initiative suggesting the gradual withdrawal of EU countries from any form of Russian gas supplies. The implementation of this plan is expected to begin in 2026 and be completed by the end of 2027. 


It is important to emphasize that this step is not considered as a sanctions measure. According to the idea, the ban will become indefinite and not subject to revision, even after the end of the conflict in Ukraine. However, the final approval of the initiative requires the consent of all EU member States.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.