Continued Strong Interdependence of Business between Russian, Ukrainian and Austrian Companies

PeopleOther ♦ Published: February 23, 2022; 16:16 ♦ (Vindobona)

Austrian businesses have established significant ties with those in Ukraine and Russia over the years. Read about the amount of business Austria does with each country and how the recent escalation of tensions could affect this.

Austrian Chamber of Commerce Secretary General Karlheinz Kopf: "Business can and will continue to play the role of a bridge-builder here." / Picture: © Flickr / Flazingo Photos / / [CC BY-SA 2.0 (]

Over the years, the Austrian business community has developed strong ties with both Ukraine and Russia.

According to the Austrian Chamber of Commerce (WKÖ), Austria is the sixth-largest foreign investor in Ukraine, with more than 200 Austrian subsidiaries and investments of around $1.7 billion. The majority of these are located in western and central Ukraine. …