Slovakia Prime Minister Robert Fico's decision to veto the new package of EU sanctions against Russia has a lot to do with financial compensation. Here's why.

Bratislava

The adoption of the European Union's 18th package of sanctions against Russia has been delayed due to a veto from Slovakia. Prime Minister Robert Fico's opposition is not related to the content of the sanctions themselves, but rather to concerns about the economic impact on Slovakia, particularly regarding gas prices and competitiveness. Fico is seeking financial compensation for Slovak households and industry, and has expressed concerns that terminating the country's supply contract with Gazprom could lead to legal action. However, an expert on sanctions suggests that such contracts may be voided under force majeure if sanctions are imposed. Slovakia, along with Hungary, continues to import Russian oil and gas via pipeline, while several other EU countries still purchase Russian liquefied natural gas. Discussions between Slovakia and the European Commission are ongoing in an effort to resolve the impasse.

Why did Robert Fico veto the new EU sanctions on Russia?

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