The Commission will not approve the proposed changes.
Slovakia, a European Union (EU) member state, is threatening to veto new sanctions against Russia due to its heavy reliance on Russian energy imports, particularly natural gas. The Slovak government, led by Prime Minister Robert Fico, has expressed concerns about the economic and energy security consequences of further sanctions without sufficient guarantees regarding the complete phaseout of Russian gas supplies.
The veto threat by Slovakia reflects broader geopolitical considerations, with Slovakia and Hungary jointly blocking the EU's 18th sanctions package on Russia. Both countries are emphasising the need for a balanced approach that accounts for their domestic energy needs and economic stability.
The economic implications for Slovakia if the new EU Russia sanctions are passed could be significant. Slovakia's economy heavily depends on Russian natural gas, and abrupt sanctions without a guaranteed alternative supply risk energy shortages and increased costs. A lack of affordable energy could impact Slovakia's industrial sectors, competitiveness, and overall economic growth.
Moreover, by vetoing sanctions, Slovakia is attempting to protect its economic interests and position itself as a key player in negotiating how and when to phase out dependence on Russia.
It is worth noting that Slovakia's veto can be overridden by a majority vote. The EU Commission is currently considering a plan for a complete ban on Russian gas imports, with the discussion and scheduling of the new EU Russia sanctions still ongoing, as reported by the World News Channel on June 30, 2025.
Prime Minister Fico has been vocal about his desire to ensure Slovakia is compensated if an EU Commission plan for a complete ban on Russian gas imports causes economic damage to Slovakia. If the new EU Russia sanctions are passed, they could potentially lead to economic damage for Slovakia, as previously noted.
In conclusion, Slovakia’s veto threat highlights the tension between EU unity on foreign policy towards Russia and the economic realities faced by member states dependent on Russian energy. The situation underscores the delicate balance between maintaining political solidarity and protecting national economic interests within the EU.
The Slovak government's veto threat against new EU Russia sanctions underscores the importance of economic and social policy in their decision-making, as they prioritize their energy security and economic stability. On the other hand, the potential economic repercussions of these sanctions, including energy shortages and increased costs, have prompted Prime Minister Fico to emphasize the need for policy-and-legislation that addresses Slovakia's domestic concerns.
