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Russia Sanctions
Minister Edtstadler Met With Hungarian Minister Varga in Vienna
Austrian Europe Minister Karoline Edtstadler has met with the Hungarian Minister of Justice Judit Varga in Vienna where they talked about current challenges such as illegal immigration and the Russian aggression on Ukraine.
January 31, 2023
OSCE Condemns Russia’s Decision to Outlaw Independent News Outlet Meduza
Moscow continues its campaign against opposition Russian media with unabated vigor. The Riga-based web portal "Meduza" is banned completely in Russia. The OSCE denounced the Russian authorities’ decision to outlaw one of the most popular Russian-language news portals.
January 31, 2023
Chancellor Nehammer Visited Georgia
Austrian Chancellor Karl Nehammer has visited Georgia and expressed his support for the country’s EU integration. He also understood the complicated situation and showed comprehension regarding the Russia sanctions.
January 30, 2023
EU Extends Sanctions Against Russia
The European Union is extending its economic sanctions against the Russian Federation for the aggression in Ukraine. The sanctions will be extended for a half year now.
January 29, 2023
Moscow Bans Oldest Russian Human Rights NGO Related to OSCE
A court in the Russian capital has ordered the closure of the Moscow Helsinki Group, a human rights organization founded in Soviet times. The Russian Justice Ministry's request for liquidation was granted, Judge Mikhail Kazakov ruled in the Moscow City Court. The OSCE strongly condemns this, especially since the Helsinki Group is linked with the establishment of the OSCE itself.
January 26, 2023
Exchange of Topics Between Foreign Minister Schallenberg and his Counterpart of North Macedonia Bujar Osmani
Austrian Foreign Minister Alexander Schallenberg met with his Macedonian counterpart Bujar Osmani, where they discussed several topics including topics regarding the Organization for Security and Cooperation in Europe (OSCE). From January 1, North Macedonia has taken over as the chair of the organization for this year.
January 11, 2023 · Updated: January 20, 2023; 12:00
Serbia's Complicated Relationship with Russia
Serbia's relatively close relationship with Russia, while based on a somewhat haggard history, has been rather positive in recent years. Since Russia's attack, but also before, this relationship has been crumbling more and more. There are several reasons for this, some of which are currently intensifying.
January 19, 2023
Austrian Companies Remain Strong in Russia
Many Austrian companies are active in Eastern Europe, especially in the Balkans, Ukraine and Russia. Especially in Russia, the activity of Austrian companies has been very successful but is controversial due to the Russian attack on Ukraine. According to research by the Kyiv School of Economics (KSE), almost a year after the start of the Russian invasion of Ukraine, two-thirds of the previously present companies from Austria are still active in Russia.
January 18, 2023
Swiss President Alain Berset Visited Austrian President Alexander Van der Bellen
Austrian President Alexander Van der Bellen welcomed the newly inaugurated Swiss President Alain Berset. It is a tradition that newly inaugurated Swiss Presidents make their first state visits abroad in Austria. Berset also met with Chancellor Karl Nehammer, Foreign Minister Alexander Schallenberg, and many more Austrian politicians.
January 16, 2023
Austrian Raiffeisen Bank International Gets Under Pressure Due to Russo-Ukrainian War
Its involvement in Russia keeps Raiffeisen Bank International (RBI) and its managers, led by Johann Strobl, very busy. The subsidiary institution in Moscow is RBI's biggest profit earner and almost the entire RBI board is on the Ukrainians' "awaiting sanctions" list. Whether RBI will stay in Russia and how to proceed is still unclear, as the banking group is in a tricky situation.
January 9, 2023
Ukrainians Want Raiffeisen Bankers Sanctioned
Austria's Raiffeisen Bank International is coming under pressure in Ukraine. RBI CEO Johann Strobl and another manager are on a list drawn up by Ukrainian authorities, according to which sanctions are recommended.
January 8, 2023
Russian Permanent Representative to UN in Vienna Says Soon Agreement with IAEA on Zaporizhzhya Nuclear Power Plant
At Ukraine's Zaporizhzhya nuclear power plant, which is under Russian control, there have again been several powerful explosions, according to the International Atomic Energy Agency. An agreement on a protection zone is being fiercely discussed but has yet to be reached. The Permanent Representative of the Russian Federation and Moscow expect significant progress in this direction.
December 22, 2022
Austrian Parliamentarians Report on Visit to Ukraine
During a press conference representatives of the Bilateral Parliamentary Group Austria-Belarus, Moldova and Ukraine reported on their visit to war-torn Ukraine. Members of the Austrian People's Party (ÖVP), the Austrian Social Democratic Party (SPÖ), the Green Party and the NEOS took part in the trip.
December 12, 2022
Lithuanian Foreign Minister Landsbergis Visits Vienna
Lithuania's Foreign Minister Gabrielius Landsbergis came to Vienna for a visit, meeting his counterpart in Austria, Alexander Schallenberg. In addition, Landsbergis met with IAEA Chief Rafael Mariano Grossi and OSCE Secretary General Helga Schmid. The exchanges focused on the Russian war in Ukraine, in particular European support efforts against the backdrop of the approaching winter, as well as the prosecution of war crimes. In addition, the two foreign ministers discussed current developments in Iran and increasing migration pressure.
December 11, 2022
Austria Still Declines the Schengen Expansion
Austrian Chancellor Karl Nehammer confirmed Austria’s negative position towards the Schengen expansion today. At the Western Balkan meeting today in the Albanian capital Tirana, Nehammer declined further Schengen expansions for now.
December 7, 2022
OPEC Plus Sticks to Production Strategy
The OPEC+ oil alliance is sticking to its current production strategy for the time being. EU sanctions against Russia's oil revenues will apply from tomorrow. The OPEC+ countries have nevertheless confirmed their previous oil production targets. However, an expert committee wants to review the production strategy every two months.
December 4, 2022
Austria Supports Expansion of Croatian LNG Terminal Krk
Croatia wants to expand its terminal for liquefied natural gas (LNG) on the Adriatic island of Krk far beyond its own needs and develop it into a hub for gas supply in the region - gas is also to flow from there to Austria and Germany in the future. At a meeting on Krk, Croatia's Prime Minister Andrej Plenkovic, Austria's Chancellor Karl Nehammer and Bavaria's Minister President Markus Söder agreed to support each other in strengthening energy security, diversifying energy sources and ensuring the security of supply with natural gas and hydrogen.
November 24, 2022
Austrian Think Tank Identifies Need for Improvements to Ukraine's Reconstruction Plan
Together with the GROWFORD Institute in Kyiv, the Vienna Institute for International Economic Studies has investigated how the Ukrainian government's reconstruction plan, presented in July, should be evaluated. How much will Ukraine's reconstruction cost and where will the money come from?
November 8, 2022
President of Hungary Katalin Novák Visits Austria
The Hungarian President, Katalin Novák, is the first head of state to visit the re-elected President of Austria, Alexander Van der Bellen. The conversation between the two heads of state focused on the fight against illegal migration, climate change and the war in Ukraine.
October 27, 2022
Russian Organization in Austria Criticizes "Anti-Russian" Posters
The Coordination Council of the Organization of Russian Compatriots in Austria (KSORS) has condemned the appearance of "anti-Russian posters with unacceptable content" in Austria. The poster was on a building of the Angewandte in Vienna, the Applied Arts University. Russia is called a "terrorist state" on the poster.
October 23, 2022
City of Vienna Establishes Energy Crisis Unit
The City of Vienna established an advisory committee on energy supply, which will work as a crisis unit on energy supply issues. Together with the crisis unit that has existed since the Covid pandemic, it is to accompany the preparations for the winter and make proposals for measures to secure energy supplies.
October 17, 2022
Austria Calls for Common European Gas Price Cap at EU Summit in Prague
At the first meeting of the "European Political Community", the informal summit of EU heads of state and government in Prague, Austria attracted particular attention by wanting to define a common EU gas price cap. For Austria's Chancellor Karl Nehammer it was clear in Prague that there would be "no embargo via the back door" when it comes to Russian gas.
October 11, 2022
Weekly Briefing: Presidential Elections in Austria
The Find out more about this week's developments. In Austria, the presidential elections will be held on Sunday. There are new diplomatic and economic developments in Vienna. And there is new art in town! Read about the latest developments in diplomacy in Vienna and Austria.
October 6, 2022
Former Austrian Foreign Minister Kneissl Explains Reasons for Move to Lebanon
Austria's former Foreign Minister and ex-FPÖ politician Karin Kneissl explained at the Eastern Economic Forum in Vladivostok why she moved to Lebanon instead of Russia. The ex-politician will take part in a discussion tomorrow on a Russian export route in the Arctic Ocean.
September 5, 2022
Opening of the European Forum Alpbach 2022
The 77th Forum was officially opened by the President of Moldova, Maia Sandu. The Austrian Chancellor Karl Nehammer also gave a speech in the course of the opening. After more than two Corona years, the Forum is held again in full capacity and is marked by the war in Ukraine.
August 22, 2022
Weekly Briefing: New Economic Developments
The Find out more about this week's developments. The war in Ukraine is also making itself increasingly felt in the Austrian economy. In Vienna, there are new developments in the day-to-day business of diplomacy. Read about the latest developments in diplomacy in Vienna and Austria.
August 18, 2022
Vienna's Luxury Shops Struggle with the Loss of Russian Tourists
During the past two decades, Russian tourists with purchasing power have enriched the city centre's luxury shops, but since the invasion of Russian troops in Ukraine, hardly anyone visits the Austrian capital. According to the latest statistics, fewer than one percent of tourists staying overnight in Vienna are Russians. Due to the loss of purchasing power, the tourism industry in Vienna suffers greatly.
August 15, 2022
What Happened to the Russian Sberbank in Vienna after the Invasion of Ukraine?
The Russian bank Sberbank is one of the largest in Europe and has been hit hard by the European Union sanctions triggered by the Russian invasion of Ukraine. To find out what happened to its Vienna branch and whether it can continue to do business in Austria, read on.
August 10, 2022
Iran Nuclear Talks: Iran Can Build Nuclear Bomb, But Does Not Intend to Do So
Iran says it is technically capable of producing a nuclear bomb. But the country does not intend to do so, the semi-official Fars news agency quoted the head of Iran's Atomic Energy Agency, Mohammed Eslami.
August 1, 2022
Austria Will Take Common Line with Germany on Gas Storage
Germany and Austria have joint responsibility for storing gas, according to Energy Minister Leonore Gewessler (Greens). "We have always coordinated well with Germany," the minister said today, referring to the Haidach storage facility near Salzburg, which is also important for Germany.
July 25, 2022
New EU Gas Emergency Plan: "Must Prepare for the Worst Case"
Recently, the European Commission presented its new EU Gas Emergency Plan under the title "Save gas for a safe winter". In this, the European Commission assumes that consumers can save up to 15% gas. The Austrian Federal Economic Chamber is pleased with the Commission's plans.
July 22, 2022
Joint Trip of Austrian and Czech Foreign Ministers to Ukraine
Foreign Minister Alexander Schallenberg traveled to Kyiv with Czech Foreign Minister Jan Lipavský. In addition to talks with Ukrainian President Volodymyr Zelenskyy, Prime Minister Denys Shmyhal and Foreign Minister Dmytro Kuleba, the program included visits to the Hostomel and Irpin war sites, which testify to the sheer brutality of Russia's Invasion of Ukraine.
July 21, 2022
Austrian Foreign Minister in Brussels: "Sanctions are Having an Effect"
This week, the Foreign Affairs Council met in Brussels to discuss the status of the Russian aggression in Ukraine as well as the coordination of sanctions and assistance. Relations with Latin American and Caribbean countries and digital diplomacy were also discussed.
July 20, 2022
Emotional Appeals From Zelenskyy, Clooney and Others During 4Gamechangers Event in Vienna
During his first live address to Austria Thursday, Ukraine's president Volodymyr Zelenskyy made an emotional appeal. Moreover, he called for tougher sanctions against Russia as well as increased support for Ukraine. Selenskyj said during a 4Gamechangers festival circuit that the war is also a "gamechanger" for Europe. An earlier appearance by Hollywood star George Clooney created a stir.
July 5, 2022
Austrian Ministers Visit Egypt on a Joint Trip
Austrian Foreign Minister Alexander Schallenberg and Austrian Interior Minister Gerhard Karner traveled together to Egypt, to strengthen the cooperation with the Arabic Republic and North Africa. The meetings focused on the war in Ukraine, its global consequences, illegal migration, combating human trafficking and human rights.
July 3, 2022
Russian Food Markets in Vienna Under Pressure
Specialty foods such as vodka, buckwheat, and chocolate are available in Vienna's Russian groceries. Since Moscow invaded Ukraine, Austrian-Russian traders have been worried about import difficulties and hostility.
June 28, 2022
Moody's Declares Russia in Default
The U.S. company Moody’s announced in New York that it was concerned with interest payments on two government bonds that had not been received by creditors even after a default period of 30 days had expired.
June 28, 2022
Austria has Frozen the Assets of Russian Oligarchs Worth 1.5 Billion Euros
The Austrian authorities have frozen the assets of 1.5 billion euros belonging to Russian oligarchs since the beginning of the war in Ukraine.
June 26, 2022
Weekly Briefing: Newest Developments in Diplomacy and Vienna
Read about the newest developments in Diplomacy in Vienna and Austria. Further, Austria is strengthening its efforts in aiding Ukraine, international politics and local grievances. Russian Foreign Minister Lavrov visited Iran. The Find out more about this week's developments.
June 23, 2022
Austrian Ministry of Justice Wants Better European Cooperation in the Area of Justice
Justice and Home Affairs Ministers are discussing stricter environmental criminal law, better international cooperation on criminal offenses and Russia sanctions in the European Council. The Austrian Ministry of Justice under Alma Zadic welcomes stricter prosecution of environmental crimes and a united effort to sanction Russian oligarchs.
June 9, 2022
EU Oil Embargo: Little Impact on Austria's Economy Expected
The planned EU embargo on Russian oil in response to the war of aggression in Ukraine will have far-reaching consequences for Europe. This is also the case for Austria. In a report, the Austrian National Bank examines the impact on the Austrian economy and forecasts comparatively mild effects. Nevertheless, the embargo conceals a number of risks that could also have a serious impact on Austria.
June 8, 2022
Trilateral Presidential Meeting Between the Presidents of Austria, Croatia and Slovenia
Austrian Federal President Alexander Van der Bellen met with his counterparts from Croatia and Slovenia, Zoran Milanovic and Borut Pahor, in Croatia for the traditional triennial meeting. The focus is on the Euro-Atlantic integration of the Western Balkans, as well as the impact of the Russian war in Ukraine.
June 5, 2022
Belarusian Opposition Leader Tsikhanouskaya Met Foreign Minister Schallenberg in Vienna
Belarusian opposition leader Sviatlana Tsikhanouskaya met Foreign Minister Schallenberg in Vienna at the Austrian Foreign Ministry. The meeting focused on the current state of politics in Belarus and Russia.
June 2, 2022
OPEC Considers Possible Exclusion of Russia From Oil Production Agreement
OPEC countries are apparently considering the exclusion of non-OPEC member Russia from the concluded oil production agreement. According to a report in the Wall Street Journal, which cites statements from insider circles, other OPEC countries could step in to meet production targets following Russia's exclusion.
June 1, 2022
Austria Against Gas Embargo
Austrian Chancellor Karl Nehammer and Austria are against a gas embargo and Chancellor Nehammer emphasized that a gas embargo will not be part of further sanctions.
May 31, 2022
Russo-Ukrainian War - EU Adopts Fifth Sanctions Package to Put Pressure on Russia
Recently, new sanctions against the Russian state were published. The EU is trying to put economic pressure on the Kremlin and cut off the sources of financing for the invasion of Ukraine. What new measures are taken, you can read here.
April 8, 2022
Austrian Chancellor Met Scholz and Habeck in Berlin: "Russian Energy Embargo Not an Issue"
Olaf Scholz and Karl Nehammer recently met in Berlin to discuss the tense political situation. The Russian Federation's attack on Ukraine triggered a chain reaction of economic sanctions. Germany and Austria stand side by side as partners and want to respond to the difficulties together.
April 4, 2022
Nehammer at EU Summit: Russia Sanctions and Western Balkans Support
The EU summit, which was also attended by U.S. President Joe Biden, focused on the political crisis caused by the Russian invasion of Ukraine. Austrian chancellor Karl Nehammer attended the European Council too and expressed the importance of stability in the Balkans. Read about the European Council and the chancellor's visit to Brussels.
March 28, 2022
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