The Austrian Ministry of Finance rejected the gas embargo with the phrase “no choice”

Vienna does not support the embargo on the purchase of gas from Moscow, since this will “hit” Austria itself more, this is “little good”, Brunner believes. Austrian Chancellor Nehammer said earlier that the country is 80% dependent on gas from Russia .jpg” alt=”The Austrian Ministry of Finance rejected the gas embargo with the phrase “no choice”” />

Magnus Brunner

Vienna does not support the introduction of a gas embargo against Russia, since the Austrian industry is largely dependent on Russian fuel, the country “has no choice.” Austrian Finance Minister Magnus Brunner announced this to CNN.

“Once the sanctions hit you more than the person they target, I think it's of little use,” — added the Austrian minister.

Last week, April 14, Austrian chancellor Karl Nehammer reported that Vienna's position was shared in Berlin and Budapest. “Austria is not alone in opposing the gas embargo,” — he emphasized then. Nehammer later clarified that Austria is 80% dependent on Russian gas, both households and production need it, and “neither today nor tomorrow” refuse it will not work. “Maybe in a few years we will be independent of Russian gas,” — suggested the Austrian Chancellor.

Similar arguments against the gas embargo were made on April 22 by German Chancellor Olaf Scholz. He explained that the government is trying to prevent a “dramatic economic crisis in Germany, the loss of millions of jobs and factories that will never open again,” which would negatively affect the country, all of Europe and “financing the recovery of Ukraine.” Scholz also noted that the gas embargo would not lead to a change in Moscow's course. “And thirdly, does anyone even think about the global consequences?” inquired the German Chancellor. The German authorities plan to reduce dependence on Russian gas to 10% by the summer of 2024.

The head of the Hungarian government, Viktor Orban, warned in early March that the imposition of sanctions against Russian energy supplies would be a heavy burden for Budapest. He explained then that 90% of families in Hungary heat their homes with gas, and most of it is purchased from Russia.

Last year, in 2021, the EU countries purchased 155 billion cubic meters. m of Russian gas, this accounted for 45% of all European gas imports and about 40% of gas consumption, the International Energy Agency reported. According to Eurostat, the Netherlands (€14.25 billion), Germany (€9.2 billion) and Poland (€5.6 billion) bought the most Russian oil last year. France (€4 billion) and Germany (€2.6 billion) were the leaders among buyers of petroleum products last year.

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European countries can do without gas from Russia for six months, but then their economies will face serious consequences, the head of the European department of the International Monetary Fund said at the end of April ( IMF) Alfred Kammer. According to the forecast of the fund, a complete cessation of Russian gas imports risks leading to a fall in EU GDP by 3%, depending on the conditions of the next winter. Kammer urged EU countries to reduce gas consumption and increase gas storage.

Deputy Chairman of the Russian Security Council Dmitry Medvedev then said that European countries “will not last a week” without Russian gas

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