This month, 1,000 people chose to support the Kyiv Independent. Can we count on you, too?
Become a member
Skip to content
Edit post

Austrian energy company OMV to continue importing Russian gas

by The Kyiv Independent news desk July 9, 2023 4:20 PM 1 min read
This audio is created with AI assistance

The Austrian OMV energy company's CEO, Alfred Stern, told the Financial Times his company didn't plan to exit its long-term supply contract with Russia’s Gazprom signed in 2018 and going until 2040.

“As long as Gazprom will supply . . . we will continue to take these quantities from Gazprom,” Stern said.

OMV supplies about 30% of the Austrian gas market, and its biggest shareholder is the Austrian government.

The company is also one of the five Western financial backers of Gazprom NordStream 2 worth 11 billion euros, which was halted days before Russia launched its full-scale invasion of Ukraine on Feb. 24, 2022.

In June 2022, the EU introduced a ban on importing Russian oil, but gas is not subjected to such sanctions.

Sanctions on gas imports have been discussed by the EU, but no consensus has emerged so far.

Germany and the Czech Republic have reduced Russian gas imports to zero, but Austria has made little to reduce its reliance on Russian gas.

Ukraine, allies must do more to hit Russia’s economy, says Moral Rating Agency head
As Yevgeny Prigozhin’s mutiny exposed Russia’s political weakness, there’s an opportunity to follow up with an economic punch by targeting foreign companies that stayed in the country. This is the belief of Mark Dixon, the director of the Moral Rating Agency, which scrutinizes foreign companies tha…
Let’s see how far we can go?
We’ve been amazed by your support. We’ve reached our initial goal of finding 1,000 new paying members. We still have till the end of our birthday campaign — with more support, we can do even more good journalism. Over 13,000 people are standing behind us. Can we count on you, too?
Show us support this birthday month
Become a member
visa masterCard americanExpress

News Feed

4:06 PM

Politico lists Yermak, Putin among Europe's most influential people.

Politico presented on Dec. 10 its end-of-the-year list of the most influential people in Europe, with President Volodymyr Zelensky’s chief of staff Andriy Yermak and Russian President Vladimir Putin among the finalists for the "dreamers" and "doers" categories, respectively.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.