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Austrian OMV Declares Exit from Russian Gas as "Extremely Difficult"
The CEO of the Austrian energy group OMV, Alfred Stern, currently sees hardly any possibility to get out of the Russian business with natural gas. He also sees no alternative to fossil fuels in the short term and talked about relations with Asia-Pacific.
March 28, 2023
Raiffeisen Probed by U.S. Sanctions Authority
Raiffeisen Bank International, an Austrian lender that plays a critical role in the Russian economy, is under investigation by the US sanctions authority over its Russia-related business.
February 18, 2023
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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
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
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Sanctions: 200 Russian Bank Accounts Frozen in Austria
In the course of the sanctions against Russia due to the invasion of Ukraine, about 200 accounts in Austria have already been frozen. This means that assets of one billion euros are affected.
October 5, 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
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
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
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Iran Nuclear Talks: Avoiding Sanctions - Lavrov in Tehran
Russia's Foreign Minister Sergei Lavrov has arrived in Iran for a visit. He first met with President Ebrahim Raisi in the capital Tehran and will meet with Iranian Foreign Minister Hossein Amir-Abdollahian. Iran Nuclear Talks will also play a significant role in Lavrov's visit since both countries are trying to find a way to avoid further sanctions by the West.
June 22, 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
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
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Construction Giant Strabag Removes Russian Voice on Supervisory Board
At the recently held Extraordinary General Meeting of STRABAG SE, Thomas Bull, a member delegated by the major shareholder Rasperia, was dismissed. His company is owned by the Russian oligarch Oleg Deripaska, who must therefore completely relinquish his control over Strabag.
May 5, 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
Austria's Raiffeisen Bank Now Considering Russia and Ukraine Exit After All
Raiffeisen Bank International is considering withdrawing from Russia. The enormous civil suffering in Ukraine caused by Russia's war of aggression had led the management to this decision. This step is not taken easy, since Russia counts as one of the key areas of the Austrian bank.
March 18, 2022
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Russian Operations of Strabag: Haselsteiner Cancels Syndicate Agreement with Holding Company of Oligarch Oleg Deripaska
Recently, the Haselsteiner Family Private Foundation informed the Strabag Board of Directors that it has terminated a syndicate agreement between the main shareholders. Previously, several attempts to buy up all the shares of the major Russian investor Oleg Deripaska failed.
March 15, 2022
Russia's Sberbank with European Headquarters in Vienna under Pressure
The Austrian Financial Market Authority (FMA) has announced a moratorium on Sberbank Europe AG, a European subsidiary of the Russian state-owned Sberbank. Read what this means for Sberbank Europe and its customers.
February 28, 2022
Russo-Ukrainian War: First Effects of Western Sanctions on Russian Economy
The Russian economy is already beginning to feel the effects of the Western sanctions for its invasion of Ukraine. Read what effects the sanctions are having on the economy.
February 28, 2022
Austria Before the OSCE Council: "War Is Raging on the European Continent"
Foreign Minister Schallenberg addressed the OSCE Council and made an urgent appeal for Russia to halt its war on Ukraine and return to the negotiating table. Read what Schallenberg said about the intensifying conflict in Ukraine.
February 25, 2022
Continued Strong Interdependence of Business between Russian, Ukrainian and Austrian Companies
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.
February 23, 2022
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Austria's Reaction to Putin's Disrespect for the Territorial Integrity and Sovereignty of Eastern Ukraine
Following President Putin's decision to recognize the independence of Luhansk and Donetsk in the Donbas region of Ukraine and to send "peacekeeping troops" to these areas, the Austrian government's Crisis Cabinet met to discuss how to respond. Read what Chancellor Nehammer said about the act of Russian aggression and what Austria will do.
February 22, 2022
Schallenberg Met Baerbock - Shared Responsibility Against the Aggression of the Kremlin
German Foreign Minister Annalena Baerbock met with Foreign Minister Schallenberg in Berlin to discuss the tensions between Russia and Ukraine, as well as climate action and the Western Balkans. Read what the two foreign ministers said about these issues.
February 21, 2022
Ukraine Crisis: Potential Impact of Russian Invasion on Ukrainian, Russian and EU Economies
The solution of the Russian aggression and violation of rights towards Ukraine, is of central importance for the world we want to live in. The Vienna Institute for International Economic Studies (WIIW) conducted a study on the potential economic impacts of a Russian invasion of Ukraine. Read their prediction for how an invasion would affect the economies of the EU, Russia, and Ukraine.
February 8, 2022 · Updated: February 11, 2022; 08:35
Austrian Foreign Minister on Ukraine: "As a neutral state, we are still not neutral when it comes to violence"
Foreign Minister Alexander Schallenberg is visiting Ukraine together with his Czech counterpart Jan Lipavský and his Slovakian counterpart Ivan Korčok.
February 7, 2022
Belarus Celebrates 30-Year Anniversary at OSCE While Number of Political Prisoners at Home Has Now Reached 1000
As the Republic of Belarus celebrates its 30th anniversary at the OSCE in Vienna, the number of political prisoners in Belarus has now reached 1000. Although Belarus claims to be a long-standing, active, and committed member, the European Commission's External Action Service notes that Belarus "must adhere to its international commitments and obligations within the OSCE". Meanwhile, it became known that a troop deployment of 30,000 Russian soldiers to Belarus has also taken place.
February 4, 2022
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How Close Are We to War Between Russia and the Ukraine?
Tensions between Russia and Ukraine remain very high, and some have called a Russian invasion imminent. Read what Nina L. Kruscheva, an expert on Russia and international affairs, said about the likelihood of a war between Russia and Ukraine.
January 31, 2022
EU Council President in Vienna: "Situation on the Russian-Ukrainian border worrisome"
European Council President Charles Michel was in Vienna to discuss the tense situation at Ukraine's border and other pressing issues with Chancellor Nehammer. Read about their discussion.
January 27, 2022
Brussels: Schallenberg Attends Ukraine Crisis Meeting of EU Foreign Ministers
Foreign Minister Schallenberg attended a meeting of the EU Foreign Affairs Council in Brussels. The meeting, which U.S. Secretary of State Antony Blinken also attended virtually, focused on the ongoing crisis between Russia and Ukraine. Read about the meeting and watch an interview with Foreign Minister Schallenberg.
January 26, 2022
Austria's Position on the Russia-Ukraine Conflict
Despite ongoing diplomatic efforts, tensions between Russia and Ukraine remain high as Russia still has thousands of troops stationed on the Ukrainian border. Read Austria's position on the issue.
January 22, 2022
Schallenberg on Russia's Aggression Toward Ukraine: "Dialogue where possible. Clear lines where necessary."
Foreign Minister Schallenberg gave a speech in the Austrian National Council in which he addressed the current tensions between Russia and Ukraine. Read what the foreign minister warned about the situation.
January 21, 2022
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Austria Offers to Build Bridges in the Russia-Ukraine Conflict
In the EU Main Committee in the Austrian Parliament, Chancellor Nehammer offered for Austria to be a "bridge-builder" in the Russia-Ukraine conflict. Read about the escalating tensions between Russia and Ukraine and Austria's efforts at de-escalation.
December 14, 2021
Hostage Diplomacy: While Iran Nuclear Negotiations Are Underway in Vienna, Tehran Continues to Hold Two Austro-Iranians Captive
As the details of a resumption of the 2015 nuclear agreement (JCPOA) continue to be discussed in Austria, the host country of the "Iran Nuclear Talks," two Iranian-Austrians, Kamran Ghaderi and Massud Mossaheb, have been imprisoned in Iran for years on charges of alleged espionage.
December 14, 2021
Iran Nuclear Talks In Vienna To Be Continued
Negotiations regarding Iran's nuclear program and a return to compliance with the Joint Comprehensive Plan of Action (JCPOA) are set to continue in Vienna. Read about the ongoing effort to save the Iran Nuclear Deal.
December 9, 2021
Austria Welcomes New Sanctions Against Belarus
Foreign Minister Linhart attended the Foreign Affairs Council in Brussels, at which the 27 foreign ministers of the EU agreed upon new sanctions against Belarus. They also discussed other topics, such as the EU enlargement process. Read what was discussed at the meeting and watch an interview with the Austrian foreign minister.
November 16, 2021
Call for Solidarity for China Sanctioned States Including Taiwan
A motion for a resolution was filed in the Austrian Parliament calling for the Austrian government to support countries, such as Taiwan, sanctioned by China for supporting democracy, human rights, and other global values. Read about the motion and the reasoning behind it.
October 21, 2021
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Lithuania and Austria Support New Sanctions against Belarus
Lithuania and Austria have indicated that they are in favor of putting new sanctions on Belarus in response to the significant increase in illegal border crossings on the Belarusian-Lithuanian border. Lithuanian Foreign Minister Gabrielius Landsbergis and Interior Minister Agnė Bilotaitė hosted their Austrian counterparts Alexander Schallenberg and Karl Nehammer at the border to discuss the ongoing situation.
August 26, 2021
Lithuanian Prime Minister in Vienna: "Situation in Belarus Unacceptable"
In her visit to Vienna, Lithuanian Prime Minister Ingrida Šimonytė demands the immediate release of all political prisoners in Belarus. Austria's Chancellor Kurz and Šimonytė share very similar concerns regarding Belarus. Read more below.
June 14, 2021
Tikhanovskaya and Kurz: Targeted Sanctions for Belarus Needed
Svetlana Tikhanovskaya, Belarusian opposition leader, and Austria's Chancellor Sebastian Kurz held a video conference to discuss the current developments in Belarus. Read more about possible sanctions below.
June 2, 2021
EU Foreign Ministers Condemn Belarusian "Air Piracy"
At the informal meeting of the EU Foreign Ministers in Portugal, Austria's Alexander Schallenberg and his European counterparts condemned the actions took by the Belarusian regime to arrest an anti-government blogger.
May 31, 2021
Belarusian Opposition Leader Meets Van der Bellen, Kurz and Schallenberg
During her working visit to Vienna, the Belarusian opposition leader Svetlana Tikhanovskaya met with Austria's Federal President Alexander Van der Bellen, Chancellor Sebastian Kurz and Foreign Minister Alexander Schallenberg in order to discuss the continued support from Austria for the efforts of the Belarusian opposition and civil society.
April 30, 2021
European Council: Kurz Hopes for Rapid Approval of Vaccine
Prior to the European Council, Austria's Chancellor Kurz hopes for a rather fast approval process of a Covid-19 vaccine and is looking forward to a succession of close cooperation between the EU and the United States. Other relevant topics for the Council will be sanctions for Turkey, Brexit negotiations, EU climate targets, and the joint fight against terrorism.
December 10, 2020
Schallenberg Wants to Work Shoulder to Shoulder with United States
At the Foreign Affairs Council of the EU in Brussels the Foreign Ministers discussed transatlantic relations, the continuing tensions with Turkey and current trouble spots such as Ethiopia and Belarus. Austria's Minister Schallenberg hopes for improved relations between the United States and the EU in the near future.
December 7, 2020
Belarusian Opposition Leader in Vienna
The Belarusian opposition leader Tikhanovskaya visited Vienna to hold meetings with representatives of Austrian and European politics. Chancellor Kurz thanked Tikhanovskaya for her "tireless efforts" and reaffirmed Austria's support for a democratic Belarus.
November 6, 2020
Belarusian Opposition Leader Tikhanovskaya Met Schallenberg
The famous Belarusian opposition leader Svetlana Tikhanovskaya, who is currently trying to win the EU and European politicians over to help her and her supporters fight against the recent fraudulent election result, met Austrian Foreign Minister Schallenberg in Vienna.
October 8, 2020
Schallenberg: "The EU Has Reached a Turning Point in the Relations With Turkey"
Austria's Foreign Minister Schallenberg explains the current relationship between the European Union and Turkey. The recent developments in the easter Mediterranean are testing the relation once again.
September 1, 2020
Chancellor Kurz Criticizes Current Situation in Belarus
Chancellor Kurz and the majority of the European Union are criticizing the recent developments in Belarus and call for action. Free and fair elections and an end to the violence against protestors are among the demands.
August 20, 2020
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