Business news from Ukraine

AUSTRIA WILL BE ABLE TO GO ON EMBARGO OF RUSSIAN OIL IF RELEVANT DECISION IS MADE BY EC

2 May , 2022  

Austria is ready to participate in the embargo of oil from Russia if the relevant decision is made by the European Commission, said Minister of Climate, Environment and Energy of the country Leonore Gewessler.
“So far there is no proposal from the European Commission, but Austria is ready to consistently participate in the oil embargo if the commission and the participating countries are ready to introduce it.
According to her, Austria is prepared for this. Previously, about 10% of Austria’s oil imports came from Russia. Recently, active work has been carried out to reduce this share, and in March there was no purchase of Russian oil. But the situation in different EU countries is different, she noted.

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