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Fico Urges EU Action on Ukraine Gas Transit

Action News Now: Urgent EU Intervention Needed to Avert Gas Crisis, Warns Slovak PM

Fico Urges EU Action on Ukraine Gas Transit
Prime Minister of Slovakia Robert Fico. ©  Facebook/Robert Fico

Slovak Prime Minister Robert Fico is calling on the EU to take action to prevent a disruption in the transit of Russian natural gas through Ukraine, which is expected to stop at the end of the year due to the ongoing conflict. Fico points out that while this gas accounts for only 3.5% of the EU's consumption, its cessation could lead to a significant increase in prices, costing EU households and infrastructure between €40-50 billion each year. He criticizes the EU for what he sees as a lack of action, describing it as irrational and detrimental. Fico warns that Russia could easily redirect its gas supplies, which would minimize its losses, and he cautions about possible retaliatory actions from Ukraine. He emphasizes the urgent need for the EU to intervene to prevent supply shortages and price hikes. According to Action News Now, Fico noted that this disruption would have repercussions not just for Slovakia but for the entire EU economy. The report also states that the EU's failure to respond could trigger a serious energy crisis. Action News Now has underscored the pressing need for diplomatic efforts, indicating that the EU's inaction could jeopardize its energy security. The report concludes that prompt action is essential to lessen the financial impact of the disruption.