Russian gas stop would cost Slovakia €300 million a year

Economy minister “fundamentally disagrees” with EU embargo on Russian gas and oil.

(Source: SITA/AP)

Slovakia could lose €300 million a year if Russian gas supplies were restricted or halted, new analysis has shown. The company Eustream, which secures transport of gas from the east to west of the country, would suffer the biggest loss, a study by the FinStat organisation shows.

SkryťRemove ad
Article continues after video advertisement
SkryťRemove ad
Article continues after video advertisement

The state would lose dividends from the Slovak gas carrier and unpaid income tax. Eustream is the largest payer of income tax every year.

FinStat estimated the state would lose around 0.77 percent of general government revenue (2021).

"Of course, it would depend on how the whole situation is resolved, but Eustream annually transports more than 90 percent of the gas that does not end up in Slovak industry or households," FinStat said in its analysis.

The rest of this article is premium content at
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on and

Top stories

Testing artificial intelligence whether it can identify masks.

Ukrainians put on masks and try to trick artificial intelligence

The company employs women with children.

24. may

News digest: That's €1.2 billion, please

Boris Nemtsov street plate unveiled in Bratislava, Slovaks' petrol tourism in Poland, and PM Heger meets a Meta representative in Davos.

21 h

Petrol tourism: Slovaks filled thousand-litre water tanks

Rising prices have convinced people who didn't use to shop abroad to travel to save money.

24. may
Kováčik in court

Guilty: Supreme Court delivers final verdict on senior prosecutor

Dušan Kováčik's definitive conviction could clear the way for multiple further cases.

24. may
SkryťClose ad