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EU can’t let Putin set energy costs – Austria

Austrian Chancellor Karl Nehammer called on Sunday for the EU to impose a cap on power prices and decouple electricity charges from the price of gas. The Austrian leader said failure to do so would let Russian President Vladimir Putin “determine the European electricity price.” “We must finally stop the …

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Russian gas embargo not on the table – Austria

The EU will not discuss a ban on Russian natural gas imports as part of the next round of Ukraine-related sanctions against Moscow, Austrian Chancellor Karl Nehammer disclosed on Tuesday. “The gas embargo will not be a topic, [German Chancellor] Olaf Scholz has made this clear as well,” Nehammer told reporters …

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Massive job losses feared in Austria without Russian gas

The suspension of Russian gas supplies would be “a serious blow” to the welfare of the Austrian people as it threatens some 300,000 jobs, Kronen Zeitung newspaper reported citing the Federation of Austrian Industries. According to the president of the federation, Georg Knill, almost the entire food industry depends on …

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Austria opens ruble gas account

Austria’s oil and gas conglomerate OMV said on Friday that it had opened an account with Gazprombank to pay for Russian gas imports, insisting that the scheme does not violate the current EU embargo against Moscow. Austria imports some 80% of its gas from Russia. “We have implemented a payment …

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Inflation in Austria highest since 1981

Inflation in Austria has jumped to its highest level in over 40 years, media reported on Wednesday citing data from the country’s federal statistics agency Statistics Austria.  “In April 2022, consumer prices again increased significantly compared to last year – by 7.2%. We saw such a high rate of price …

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Austria makes pledge on neutral status

Austria is not a NATO member and has no plans to become one in the near future, the nation’s foreign minister, Alexander Schallenberg, told journalists in Brussels on Monday. When asked about his stance on Swedish and Finnish aspirations to join the military bloc, Schallenberg said he “fully respects” the …

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Austria threatens to seize Russian gas depot

Austrian Chancellor Karl Nehammer called on Russian energy giant Gazprom to refill its natural gas storage facility near Salzburg in an interview with the Kleine Zeitung newspaper on Thursday. According to the publication, the Haidach underground facility near Salzburg is the second largest gas depot in Central Europe and can …

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Austria will pay in rubles for Russian gas – official

Austria has accepted the new ruble gas payment mechanism, introduced by Russia earlier this month, and will abide by it, Chancellor Karl Nehammer announced on Wednesday. “We, that is, [state energy company] OMV, accepted the terms of payment, as did the German government. They [the terms] were found to be …

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