Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    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
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    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.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Image for UK police search properties in probe into Mandelson over Epstein ties
    UK police search properties in probe into Mandelson over Epstein ties
    View All Headlines Posts
    Previous Headlines PostAustrian foreign minister Schallenberg takes over as caretaker chancellor
    Next Headlines PostTurkey detains pro-Kurdish mayor in southern district, police and party say