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 > Headlines > Slovakia demands delay in vote on Russian sanctions over energy concerns
    Headlines

    Slovakia demands delay in vote on Russian sanctions over energy concerns

    Slovakia demands delay in vote on Russian sanctions over energy concerns

    Published by Global Banking and Finance Review

    Posted on June 26, 2025

    Featured image for article about Headlines

    (Reuters) -Slovakia will not support a new European Union sanctions package on Russia and will demand a delay in the vote until Slovak concerns over gas supplies after 2027 are resolved, Prime Minister Robert Fico said on Thursday.

    The European Commission on June 10 proposed a new round of sanctions against Russia for its invasion of Ukraine more than three years ago, targeting Moscow's energy revenues, banks and military industry.

    Slovakia and Hungary have opposed the sanctions due to their disagreement with Commission proposals to end Russian energy imports by the end of 2027, which would force the two countries to look for alternatives.

    European diplomats have said they expect the issue to be resolved at the summit.

    Fico reiterated his position that the new sanctions could lead to supply shortages and price increases as well as up to 20 billion euros ($23.4 billion) in losses from arbitration for breaching a long-term contract with Russian supplier Gazprom.

    Fico said he would back the summit's conclusions, but he would still not agree to the sanctions now.

    "Tomorrow, Slovakia will not vote on the 18th sanctions package," he told a parliamentary committee on Thursday before he left for the summit. "We consider it to be one package with (the end of imports plan) and until fundamental issues are resolved, we cannot adopt further sanctions."

    Fico met European Commission President Ursula von der Leyen on Thursday but it was not known if that changed his position.

    Polish European Affairs Minister Adam Szlapka said at the summit he hoped Slovakia and Hungary could be brought on board as they had been in the past.

    "As in the previous sanction packages, I am optimistic here, we are working on it," he said. "I hope that it will be possible to close it by the end of the (EU) Polish presidency, and as we know, there are four days left."

    Sanctions proposals require unanimity in the bloc for adoption. Hungary has frequently threatened to withhold its approval during discussions on aid for Ukraine as well as on sanctions renewals, which take place every six months.

    ($1 = 0.8536 euros)

    (Reporting by Jan Lopatka in Prague, additional reporting by Julia Payne and Lili Bayer in Brussels, editing by Ed Osmond)

    Related Posts
    Volkswagen pushing ahead with German cost-cutting, brand boss says
    Volkswagen pushing ahead with German cost-cutting, brand boss says
    Spain orders 100 Airbus helicopters 
    Spain orders 100 Airbus helicopters 
    New Czech government looking at several CEZ buyout options, minister says
    New Czech government looking at several CEZ buyout options, minister says
    Germany launches €30 billion fund to mobilize private investment
    Germany launches €30 billion fund to mobilize private investment
    Rheinmetall, ICEYE partner on $2 billion German army order for space sector
    Rheinmetall, ICEYE partner on $2 billion German army order for space sector
    Meta's Yann LeCun targets $3.5 billion valuation for new AI startup, FT reports
    Meta's Yann LeCun targets $3.5 billion valuation for new AI startup, FT reports
    Irish foreign multinational employment climbs in 2025 despite Trump tariffs
    Irish foreign multinational employment climbs in 2025 despite Trump tariffs
    Russia is preparing for contacts with the United States on Ukraine, the Kremlin says
    Russia is preparing for contacts with the United States on Ukraine, the Kremlin says
    EU targets 41 additional vessels in Russia's shadow fleet
    EU targets 41 additional vessels in Russia's shadow fleet
    EU prosecutors seek to drop Genoa dam case against Italian Webuild CEO
    EU prosecutors seek to drop Genoa dam case against Italian Webuild CEO
    EU to lift sanctions on Kosovo and release financial aid, von der Leyen says
    EU to lift sanctions on Kosovo and release financial aid, von der Leyen says
    EU risks losing out to China and US with climate aims, new Czech minister says
    EU risks losing out to China and US with climate aims, new Czech minister says

    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

    Previous Headlines PostSupport Indigenous People to protect nature, UK's Prince William says
    Next Headlines PostLuxury sector pins hopes on Middle East despite clouds from conflict

    More from Headlines

    Explore more articles in the Headlines category

    Spanish police search laboratory in African swine fever probe

    Spanish police search laboratory in African swine fever probe

    Tram network for England's Leeds delayed until late 2030s

    Tram network for England's Leeds delayed until late 2030s

    Migrants stuck in Mauritania after EU border pact brings crackdown

    Migrants stuck in Mauritania after EU border pact brings crackdown

    Birkenstock sees muted sales growth and profit as tariffs hurt margins

    Birkenstock sees muted sales growth and profit as tariffs hurt margins

    EU prosecutors request dropping of Genoa dam case against Italian Webuild CEO

    EU prosecutors request dropping of Genoa dam case against Italian Webuild CEO

    Banks win bid to block $3.6 billion mass forex UK lawsuit

    Banks win bid to block $3.6 billion mass forex UK lawsuit

    Russian ban on Roblox stirs debate about limits of censorship

    Russian ban on Roblox stirs debate about limits of censorship

    France not ready to sign Mercosur deal, Macron reaffirms

    France not ready to sign Mercosur deal, Macron reaffirms

    Polish Constitutional Tribunal violated principles of EU law, European court rules

    Polish Constitutional Tribunal violated principles of EU law, European court rules

    Russia says it hopes Trump does not make a 'fatal mistake' on Venezuela

    Russia says it hopes Trump does not make a 'fatal mistake' on Venezuela

    Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal

    Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal

    Saudi, French and U.S. officials push Hezbollah disarmament plan

    Saudi, French and U.S. officials push Hezbollah disarmament plan

    View All Headlines Posts