Finance

Slovak PM Fico warns of gas crisis without Ukraine transit route

Published by Global Banking & Finance Review

Posted on December 20, 2024

2 min read

· Last updated: January 27, 2026

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(Reuters) - Slovakia's Prime Minister Robert Fico warned of a gas crisis on Friday as Ukraine continued to reject extending the transit of natural gas through its territory after a contract expires at

Slovak PM Fico Warns of Potential Gas Crisis Without Ukraine Route

(Reuters) - Slovakia's Prime Minister Robert Fico warned of a gas crisis on Friday as Ukraine continued to reject extending the transit of natural gas through its territory after a contract expires at the end of the year.

Ukraine has repeatedly said it would not continue a gas transit deal with Russia as the two countries are at war.

Slovakia, which has a long-term contract with Russian oil giant Gazprom, has been trying to keep receiving gas through Ukraine, saying buying elsewhere would cost it 220 million euros ($228.73 million) more in transit expenses.

Fico pushed the subject on Thursday at a European Union summit in Brussels, which was also attended by Ukrainian President Volodymyr Zelenskiy who reiterated that his country would not continue the transit of Russian gas.

"We are demonstrably facing a gas crisis thanks to President Zelenskiy," Fico said at the start of a news conference in Bratislava on Friday, without elaborating.

Fico had spoken before the EU summit of alternative setups in which the gas Ukraine is transiting would not be Russian but owned by someone different.

But directly after the summit, Fico said late on Thursday that Zelenskiy had ruled out any gas transit. Fico also rejected Zelenskiy's suggestion that Kyiv could consider continued transit of Russian gas on the condition that Moscow does not receive money for the fuel until after the war.

The European Commission has said it has no interest in continuing Russian gas flows via Ukraine.

Fico said he could not rule out that Slovakia might have to "think about reciprocal measures" without the gas transit.

Slovakia has provided energy to Ukraine in recent years, such as electricity and diesel supplies, and provides humanitarian aid for its neighbour.

But Fico has stopped state military aid to Kyiv, has said the war with Russia does not have a military solution and has criticised sanctions against Moscow.

Slovakia says stopping gas flows at the start of 2025 would not threaten its supplies due to sufficient storage, but it would hit transit operations and has warned it would impact market prices.

($1 = 0.9618 euros)

(Reporting by Jason Hovet in Prague, additonal reporting by Kate Abnett in Brussels; Editing by Susan Fenton)

Key Takeaways

  • Slovakia faces a potential gas crisis due to Ukraine's refusal to extend transit.
  • Prime Minister Fico highlights increased costs without Ukrainian transit.
  • Ukraine's decision is influenced by its ongoing conflict with Russia.
  • Fico suggests alternative gas setups but faces opposition from Ukraine.
  • The European Commission shows no interest in maintaining Russian gas flows.

Frequently Asked Questions

What is the main topic?
The main topic is Slovakia's potential gas crisis due to Ukraine's refusal to extend the Russian gas transit route.
Why is Ukraine refusing the gas transit?
Ukraine refuses to extend the gas transit due to its ongoing conflict with Russia.
How might Slovakia be affected?
Slovakia may face increased energy costs and supply issues without the Ukrainian transit route.

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