Slovakia to allow approval of new EU sanctions on Russia on Friday, PM Fico says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2025
0mins
Source: Reuters
Slovakia's Approval of Sanctions: Slovakia will cease blocking the EU's 18th sanctions package against Russia, as Prime Minister Robert Fico stated that further obstruction would be counterproductive after achieving necessary guarantees regarding potential damages from a separate EU gas import phase-out plan.
Details of the Sanctions Package: The new sanctions aim to target Russia's energy revenue and military industry, including a price cap on Russian oil and bans on transactions with Nord Stream pipelines, while Slovakia has received assurances from the European Commission for support in case of gas shortages or price increases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
