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    Home > Headlines > Putin has promised to keep supplying Slovakia with gas, Fico says
    Headlines

    Putin has promised to keep supplying Slovakia with gas, Fico says

    Published by Global Banking & Finance Review®

    Posted on January 10, 2025

    3 min read

    Last updated: January 27, 2026

    Image captures a meeting between Vladimir Putin and Robert Fico, where they discuss Slovakia's gas supply from Russia amidst the Ukraine conflict. The dialogue focuses on maintaining gas delivery despite transit challenges through Ukraine.
    Vladimir Putin and Robert Fico discuss gas supply to Slovakia amid Ukraine conflict - Global Banking & Finance Review
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    Tags:Presidentenergy marketinternational financial institutionforeign currencyeconomic growth

    Quick Summary

    Putin assures Slovakia of continued gas supply through alternative routes after Ukraine halts transit, ensuring Slovak consumption security.

    Putin Assures Slovakia of Continued Gas Supply Amid Ukraine Transit Changes

    By Jan Lopatka

    (Reuters) - Russian President Vladimir Putin promised Slovakia that Russia's Gazprom would find alternative ways to deliver contracted gas to Slovakia after the end of transit through Ukraine, Slovak Prime Minister Robert Fico said on Friday.

    Fico met Putin in Moscow on Dec. 22 to discuss gas and the war in Ukraine after Kyiv decided not to allow Russian gas flows through Ukrainian territory from Jan. 1.

    Ukraine, which has grappled with a full-scale Russian invasion for nearly three years, refused to renew a transit deal with Russia as it seeks to cut revenues going to Moscow to fund the war.

    Fico has threatened to take retaliatory measures against Kyiv for the transit halt as Slovakia wanted to continue receiving Russian gas through Ukraine to keep costs down and keep earning transit country revenue from onward gas shipments to Europe.

    "I spoke to Putin about a contract between us and Gazprom, which says that they have to somehow deliver the gas to us," Fico told a parliamentary committee.

    "We are able to push something through the southern flow (route through Turkey), but so far we have storage, Slovak consumption is secured."

    Fico said Putin guaranteed that Russia would meets its obligations, although capacity in the TurkStream pipeline and connecting route taking Russian gas through Turkey to Europe was limited.

    "President Putin guaranteed that they will honour their commitments," Fico said.

    Part could be delivered through western Europe, Fico said, referring to Slovakia's pipeline connections to gas networks of central and west European neighbours.

    On Friday, Ukraine's foreign ministry responded to Slovakia's recent criticism over the end of Russian gas transit by saying the problem lies with Russia and the unwillingness of "certain politicians" to cut their dependence on Moscow.

    The end of the Ukraine gas deal has not triggered fuel shortages in Europe while the European Union has repeatedly said there was no need to extend the contract and that countries receiving Russian gas had access to alternative supplies.

    Fico has argued Europe suffered multi-billion euro losses from a rise in gas prices caused by the absence of around 13.5 billion cubic metres of gas that flowed through Ukraine last year, including around 3 bcm for Slovak consumption.

    Fico said an agreement had been close to continue shipments through Ukraine with Russian gas changing ownership before entering Ukraine under an agreement involving Azerbaijan or the Slovak gas importer SPP, but Ukraine President Volodymyr Zelenskiy rejected extending any gas flows through Ukraine at the EU's December summit.

    (Reporting by Jan Lopatka in Prague; Additional reporting by Yuliia Dysa; Editing by Elaine Hardcastle)

    Key Takeaways

    • •Putin promises Slovakia continued gas supply.
    • •Ukraine halts Russian gas transit from Jan 1.
    • •Fico discusses alternative routes with Putin.
    • •Slovakia seeks to maintain low gas costs.
    • •Europe explores alternative gas supplies.

    Frequently Asked Questions about Putin has promised to keep supplying Slovakia with gas, Fico says

    1What did Putin promise to Slovakia regarding gas supplies?

    Putin promised that Gazprom would find alternative ways to deliver contracted gas to Slovakia after the end of transit through Ukraine.

    2Why did Ukraine halt the transit of Russian gas?

    Ukraine refused to renew a transit deal with Russia to cut revenues going to Moscow, which are used to fund the war.

    3What are the implications of the end of the Ukraine gas deal?

    The end of the Ukraine gas deal has not triggered fuel shortages in Europe, and the EU stated there was no need to extend the contract.

    4How does Slovakia plan to secure its gas supply?

    Fico mentioned that Slovakia could push gas through the southern flow route via Turkey, and they have storage to secure Slovak consumption.

    5What was the reaction of Ukraine's foreign ministry to Slovakia's criticism?

    Ukraine's foreign ministry stated that the problem lies with Russia and the unwillingness of certain politicians to address the issue.

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