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Slovakia will discuss retaliation after Ukraine's gas transit 'sabotage', says Fico

Slovakia's coalition government will go over vindictive procedures to take versus Ukraine after it stopped the flow of Russian gas through its area to Slovakia, Slovak Prime Minister Robert Fico stated on Thursday.

Fico said in a video message posted on Facebook that his Smer party would consider cutting electrical power materials to Ukraine, reducing help to Ukrainian refugees, and requiring the renewal of gas transits or payment for losses he said Slovakia had actually suffered due to the ending of Russian gas flows.

Russian gas exports by means of Soviet-era pipelines running through Ukraine came to a stop on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets, as a. transit contract in between Russia and Ukraine expired.

Slovakia has alternative gas materials however Fico, who has. ended military aid to Ukraine and looked for warmer relations with. Moscow, says Slovakia will lose its own transit earnings and pay. extra transit fees to bring in non-Russian gas. He has also. said European gas and power prices would rise as an outcome of. Ukraine's actions.

Fico said a Slovak delegation would talk about the scenario in. Brussels next Tuesday and after that his judgment union would. go over retaliation for what he called sabotage by Ukrainian. President Volodymyr Zelenskiy.

I state (my Smer-SSD party) are all set to discuss and agree. in the coalition on stopping materials of electricity and on. significant lowering of assistance for Ukrainian people in. Slovakia, Fico said.

The only option for a sovereign Slovakia is renewal of. transit or requiring compensation mechanisms that will change. the loss in public financial resources of nearly 500 million euros.

Zelenskiy accused Fico last week of opening a 2nd energy. front against Ukraine on the orders of Russia.

Slovakia's gas transit network operator Eustream, bulk. owned by the state, had earnings of 158 million euros and. after-tax profit of 25 million euros in the six months to Jan. 31 last year, the current duration it reported on its site.

State-owned Slovak gas importer SPP, which covers around. two-thirds of Slovak demand, said on Wednesday it would deal with. around 90 million euros in extra expenses, generally in transit. charges, if it were to change all Russian gas this year.

Slovakia, which neighbours Ukraine in the east, exported 2.4. million megawatt hours of electricity in the very first 11 months of. 2024 to Ukraine, which has actually suffered lacks due to Russian. battle, according to data from the Slovak grid operator.

(source: Reuters)