Published by Global Banking & Finance Review®
Posted on January 6, 2025
2 min readLast updated: January 27, 2026
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Slovakia cancels gas supply meeting with Ukraine and EU due to Kyiv's non-participation. Fico seeks compensation for lost transit revenue.
(Reuters) - A meeting between Slovak, Ukrainian and European Commission officials over gas supplies planned for Tuesday has been cancelled because Kyiv will not participate, Slovakia said on Monday.
The Commission is seeking a new date for a meeting, the government of Slovakia's pro-Russian Prime Minister Robert Fico said in a statement.
Fico has accused Kyiv of damaging Slovakia by not extending a transit deal for Russian gas, and has threatened to cut electricity flows to Ukraine and reduce aid for its refugees.
Kyiv has said the end of gas transit deprives Moscow of revenue as long as Russia continues to attack Ukraine.
Slovakia has arranged alternative gas sources and routes, but Fico has argued that the end of Ukraine's transit of Russian gas meant that Slovakia lost its own transit revenue and had to pay more to bring gas from elsewhere.
Fico put the cost for Slovakia at 500 million euros ($519 million) and said he would seek the restart of the flows or compensation. The Slovak government caps gas prices, so may face increased costs if it pays more for gas.
Ukrainian President Volodymyr Zelenskiy has accused Fico of opening a "second energy front" against Ukraine on the orders of Russia.
Ukraine, whose power infrastructure has suffered from Russian bombing, has synchronised its grid with the European Union and has been trading electricity through high-voltage connections with Poland, Slovakia, Hungary and Romania.
Its energy minister has said Ukraine could make up for a potential cut in flows from Slovakia, which accounted for about 20% of the country's imports.
It was not immediately clear how Fico planned to restrict the flows, which include commercial supplies as well as emergency aid, at times when Ukraine needs it.
($1 = 0.9627 euros)
(Reporting by Jan Lopatka and Jason Hovet in Prague; Editing by Jan Harvey and Alexander Smith)
The main topic is the cancellation of a gas supply meeting between Slovakia, Ukraine, and the European Commission due to Kyiv's non-participation.
Slovakia canceled the meeting because Ukraine did not participate, affecting discussions on gas transit and compensation.
Slovakia is concerned about losing transit revenue and increased costs due to the end of Ukraine's transit of Russian gas.
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