Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

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 © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and 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 > 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

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

    Published by Global Banking and Finance Review

    Posted on September 2, 2025

    Featured image for article about Finance

    (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.

    "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.

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

    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)

    Related Posts
    Morning Bid: BoE to make the cut as others stay the course
    Morning Bid: BoE to make the cut as others stay the course
    Beauty retailer Douglas cuts 2026 sales target
    Beauty retailer Douglas cuts 2026 sales target
    Lufthansa plays catch up with European rivals after bumpy ride
    Lufthansa plays catch up with European rivals after bumpy ride
    Sterling steady before expected BoE rate cut
    Sterling steady before expected BoE rate cut
    European shares muted ahead of key central bank decisions, US data
    European shares muted ahead of key central bank decisions, US data
    BP picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit
    BP picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit
    Elliott gears up for Barnes & Noble and Waterstones listing, FT reports
    Elliott gears up for Barnes & Noble and Waterstones listing, FT reports
    Aena to buy majority stakes in UK airports for $360 million
    Aena to buy majority stakes in UK airports for $360 million
    Micron shares up 12% in Europe after blowout forecast
    Micron shares up 12% in Europe after blowout forecast
    Analysis-More mega deals coming as chase for scale fuels near record-breaking year for M&A
    Analysis-More mega deals coming as chase for scale fuels near record-breaking year for M&A
    Incoming BP chief charted expansive legacy at Australia's Woodside
    Incoming BP chief charted expansive legacy at Australia's Woodside
    Campari sells Averna and Zedda Piras in 100 million euro deal
    Campari sells Averna and Zedda Piras in 100 million euro deal

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

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

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Mercedes brings forward €5 billion fixed cost reduction target to end-2026 - Manager Magazin

    Mercedes brings forward €5 billion fixed cost reduction target to end-2026 - Manager Magazin

    China says it is granting new, streamlined rare earth export licences

    China says it is granting new, streamlined rare earth export licences

    Romania to raise minimum wage by 6.8% from July

    Romania to raise minimum wage by 6.8% from July

    UK electricals retailer Currys says well placed for Christmas

    UK electricals retailer Currys says well placed for Christmas

    Coinbase appoints UK ex-finance minister George Osborne to run advisory council

    Coinbase appoints UK ex-finance minister George Osborne to run advisory council

    EU must reform or risk irrelevance, Blair and Dimon say

    EU must reform or risk irrelevance, Blair and Dimon say

    Europe's auto industry future may be electric even after EU climbdown

    Europe's auto industry future may be electric even after EU climbdown

    Factbox-Can Ukraine survive without the EU's 'reparation loan'?

    Factbox-Can Ukraine survive without the EU's 'reparation loan'?

    EU leaders face crunch decision on using frozen Russian assets for Ukraine

    EU leaders face crunch decision on using frozen Russian assets for Ukraine

    Analysis-Return of 'Make Europe Great Again' trades hinges on German comeback

    Analysis-Return of 'Make Europe Great Again' trades hinges on German comeback

    Boeing, union pause contract talks for former Spirit AeroSystems engineers

    Boeing, union pause contract talks for former Spirit AeroSystems engineers

    ECB to hold rates steady as euro zone economy shows resilience

    ECB to hold rates steady as euro zone economy shows resilience

    View All Finance Posts
    Previous Finance PostChina Evergrande liquidators apply for receivers to identify founder's assets
    Next Finance PostNorway wealth fund buys 95% stake in New York office building