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    Home > Finance > Slovakia wants to normalise relations with Russia, ramping up gas imports, PM Fico says
    Finance

    Slovakia wants to normalise relations with Russia, ramping up gas imports, PM Fico says

    Published by Global Banking & Finance Review®

    Posted on September 2, 2025

    3 min read

    Last updated: January 22, 2026

    Slovakia wants to normalise relations with Russia, ramping up gas imports, PM Fico says - Finance news and analysis from Global Banking & Finance Review
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    Tags:oil and gasInternational tradeforeign currencyfinancial services

    Quick Summary

    Slovakia aims to normalize relations with Russia, increasing gas imports via TurkStream, diverging from EU's energy policy.

    Table of Contents

    • Slovakia's Energy Strategy and Relations with Russia
    • Increased Gas Imports through TurkStream
    • Visa Policy Changes for Russian Citizens
    • Potential Russian Involvement in Nuclear Projects

    Slovakia Aims to Restore Ties with Russia and Boost Gas Imports

    Slovakia's Energy Strategy and Relations with Russia

    (Reuters) -Slovakia wants to normalise its relations with Moscow and is increasing imports of Russian gas through the TurkStream pipeline, Slovak Prime Minister Robert Fico told Russia's President Vladimir Putin on Tuesday.

    The comments clashed with the position of the European Union, which is seeking to wean itself off Russian energy imports to punish Moscow over its 2022 invasion of Ukraine, and come at a critical phase in efforts to end the conflict.

    Populist-led Slovakia and Hungary - both EU members - have sought to maintain political ties with Russia, which supplies the majority of their oil needs.

    Increased Gas Imports through TurkStream

    "I want to say openly that we are extremely interested in standardisation of relations between the Slovak Republic and the Russian Federation," Fico said during the meeting with Putin on the sidelines of China's World War Two anniversary celebrations in Beijing.

    "Let's get back to what used to be typical for countries when it comes to economic cooperation," he added.

    The EU has vowed to end its decades-old energy relations with former top gas supplier Moscow and is aiming to phase out all Russian energy imports by the end of 2027.

    Hungary and Slovakia, however, oppose the plan, arguing that switching to alternatives would increase energy prices.

    "I want to thank you for the safe and regular gas supplies that we receive through TurkStream," Fico told Putin as the two met.

    TurkStream remains the only pipeline carrying Russian gas to Europe after blasts stopped exports via the Nord Stream 1 pipelines in September 2022 and as transit via Ukraine was halted on January 1.

    Slovakia has so far this year imported about 1.7 billion cubic metres of gas through Hungary, which is its most direct link to the TurkStream pipeline, according to data from Slovak transit company EUstream.

    A project is currently under way to increase the cross-border capacity for gas flow from Hungary to Slovakia, including gas originating from the Turkstream pipeline, to 4.4 bcm from 3.5 bcm.

    Visa Policy Changes for Russian Citizens

    Fico, meanwhile, said Slovakia had restarted issuing visas to Russian citizens, a service that was suspended following Russia's invasion of Ukraine.

    Potential Russian Involvement in Nuclear Projects

    He said Slovakia was also interested in Russian companies potentially participating in a new nuclear power plant, a project the government aims to grant to U.S. firm Westinghouse.

    Fico will meet Ukrainian President Volodymyr Zelenskiy on Friday in the western Ukrainian city of Uzhhorod, he said. That meeting had previously been scheduled to take place in eastern Slovakia.

    The prime minister said he planned to raise the issue of recent Ukrainian attacks, which temporarily stopped Russian oil flows through the Druzhba pipeline to Slovakia and Hungary in the last two weeks.

    (Reporting by Jan Lopatka in Prague;Editing by Bernadette Baum and Joe Bavier)

    Key Takeaways

    • •Slovakia seeks to normalize relations with Russia.
    • •Increase in Russian gas imports via TurkStream pipeline.
    • •Slovakia's stance contrasts with EU's energy policy.
    • •Visa services for Russian citizens resumed by Slovakia.
    • •Potential Russian involvement in Slovak nuclear projects.

    Frequently Asked Questions about Slovakia wants to normalise relations with Russia, ramping up gas imports, PM Fico says

    1What is Slovakia's current stance on relations with Russia?

    Slovakia, led by Prime Minister Robert Fico, aims to normalize relations with Russia and is increasing gas imports through the TurkStream pipeline.

    2How does Slovakia's position conflict with the EU?

    Slovakia's desire to maintain ties with Russia clashes with the EU's goal to reduce reliance on Russian energy imports due to the ongoing conflict in Ukraine.

    3What recent changes has Slovakia made regarding Russian visas?

    Slovakia has restarted issuing visas to Russian citizens, a service that was suspended following Russia's invasion of Ukraine.

    4What is the significance of the TurkStream pipeline for Slovakia?

    The TurkStream pipeline is crucial for Slovakia as it remains the only pipeline carrying Russian gas to Europe after disruptions to other routes.

    5What energy strategy is Slovakia pursuing with Hungary?

    Slovakia is working on increasing cross-border gas flow capacity from Hungary, which is its main link to the TurkStream pipeline.

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