Slovakia may face penalties for ending a long-term contract with Gazprom early under Brussels’ phaseout plan Slovakia could face €16 billion (over $18 billion) in penalties for cutting short a long-term gas deal with Russia’s Gazprom under the EU’s proposed phaseout plan, the country’s state-owned gas importer SPP has warned, according to Reuters. Under the so-called REPowerEU plan, Brussels aims to eliminate the EU’s reliance on Russian fossil fuels by 2028. The controversial legislation,