
EU Implements New Russia Sanctions and Oil Price Cap After Slovakia's Veto Drop
The EU has lowered the Russia oil cap and imposed new sanctions following Fico's decision to drop his veto, amidst ongoing geopolitical tensions.
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The EU has lowered the Russia oil cap and imposed new sanctions following Fico's decision to drop his veto, amidst ongoing geopolitical tensions.

Slovakia's Prime Minister Robert Fico demands an exemption to continue buying Russian gas until 2034 in exchange for lifting his veto on EU sanctions against Russia, raising concerns about breaking the political deadlock amid ongoing energy and geopolitical tensions.

Slovakia's Prime Minister Robert Fico vetoed the EU's new sanctions on Russia, primarily due to concerns over the proposed phase-out of Russian fossil fuels, which he argues would harm Slovakia's economy and lead to higher energy costs. Fico demands compensation and guarantees before supporting further sanctions, highlighting the complex interplay between energy dependence and geopolitical measures within the EU.