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Home Aggregated News

Slovak PM warns of EU’s looming collapse

by Admin
January 9, 2025
in News, Politics, World
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Slovak PM warns of EU’s looming collapse
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Published: January 9, 2025 7:00 pm
Author: RT

The bloc could fall apart sooner than imagined due to incompetence in addressing urgent matters, Robert Fico has suggested

Slovak Prime Minister Robert Fico has slammed the EU over what he called its inability to address economic fallout across the bloc and raised concern that it could collapse.

Fico issued the warning on Wednesday in a video message posted on Facebook about Ukraine’s recent decision to halt the transit of Russian gas.

Kiev refused to extend the contract with Russia’s Gazprom beyond 2024, effectively cutting off the flow of natural gas to the EU member states that still depend on it, namely Hungary, Austria and Slovakia.

In his message, Fico accused Ukrainian leader Vladimir Zelensky of “sabotaging the financial interests of Slovakia and the EU,” saying the transit stoppage could trigger an energy crisis across the bloc and result in some €70 billion ($72 billion) worth of damage.

“Neither Slovakia nor the EU is at war, we have no reason to tolerate Zelensky’s adventures, especially looking at the aid Slovakia and the EU are providing to Ukraine,” Fico said in the video as quoted by News Now agency.

He further voiced frustration with the EU’s failure to take action, saying he would travel to Brussels to meet with the energy commissioner and would do everything he can “to wake him up from his sweet sleep, because we have a ‘bloody’ serious problem.” 

Fico met with the EU’s energy chief, Dan Jorgensen, on Thursday to discuss the impact the halt in flows would have on energy prices in the region. It was reportedly agreed that talks on the matter would continue.

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FILE PHOTO.
Kiev faces $1 billion in annual losses after halting Russian gas transit – Reuters

In the video, the Slovak prime minister also rejected allegations by Zelensky, the Slovak opposition, and some Western officials that he is aligned with Moscow. Fico said his priority is to safeguard Slovakia’s financial and national interests. He emphasized that the overall focus in the EU should be on addressing the economic fallout and not engaging in pointless political debates.

“…Looking at the EU, I fear that it will fall apart sooner than we can imagine,” he stressed.

Reflecting on his recent trip to Moscow, Fico pointed out that Kiev’s gas transit blockade was the reason behind his Russia visit.

“I needed to secure at least gas for Slovakia’s domestic consumption, which we have secured, even without increasing gas prices,” he said, confirming Moscow’s commitment to continued energy supply via the TurkStream pipeline.

Kiev’s cutoff of Russian pipeline gas supplies has already caused a surge in European energy prices, which reached €50 per megawatt hour for the first time in over a year. This led to an immediate call by Italy to extend the EU’s emergency gas price cap to prevent an energy price shock across the bloc.

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Tags: Russia Today
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