Magnus Brunner, Austria’s Finance Minister has stated that it cannot afford to prohibit Russian gas imports as part of its sanctions against Moscow. In response to Russia’s military intervention in Ukraine, many Western countries, including the EU, have imposed severe economic sanctions on Russia.
CNN interviewed Brunner on Friday to tell them that his country is supportive “all sanctions”Moscow, but “not the gas embargo.”
“Once a sanction hits yourself more than the one targeted by the sanction, I think there’s not much use,”He said.
He also stated that the Austrian industry is so dependent on Russian natural gas that they are now dependent. “no choice.”
Although the EU announced a plan to eliminate its dependency on Russian energy by 2030, they did not announce an immediate ban of imports. The bloc’s economic powerhouse, Germany, as well as other Central and Eastern European members, remain dependent on Russian energy.
Robert Habeck (German Economy Minister) warned March that cutting imports from Russia of oil and gas could immediately cause problems “mass unemployment, poverty, people who can’t heat their homes.”
Volodymyr Zelesky, the Ukrainian president, has urged EU members not to hesitate to accept his call. “a clear timetable”For banning or decreasing the use of Russian oil & gas.
Russia attacked the neighboring state in late February, following Ukraine’s failure to implement the terms of the Minsk agreements, first signed in 2014, and Moscow’s eventual recognition of the Donbass republics of Donetsk and Lugansk. French and German protocols that were negotiated by the French helped to grant the regions of breakaway special status in the Ukrainian government.
In recent years, the Kremlin demands that Ukraine declares itself neutral in order to be able to join NATO. Kiev claims that the Russian invasion was unprovoked. It also denies any plans to take the republics with force.
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