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Austria joined Hungary and Slovakia on the gas issue


Jún, 17 2025
watermark Economic news

Austria has appealed to the European Commission with a proposal to preserve the possibility of resuming imports of Russian gas in the event of a peace agreement on Ukraine. A source from the Austrian Ministry of Energy stressed that Brussels needs to leave room for a review of current decisions after the end of the conflict.


A similar statement was made in Luxembourg by Austrian State Secretary for Energy Elisabeth Zechettner. This is the first time since 2022 that an EU country that was not previously «pro-Russian», such as Hungary or Slovakia, openly supported the possibility of returning to purchases of Russian gas.


Meanwhile, the EC plans to impose a complete ban on the conclusion of new contracts with Russia and requires the termination of existing agreements within two years. The proposed measures are expected to be implemented regardless of a possible peaceful resolution of the situation.


Hungary and Slovakia had previously opposed the initiative. Austria has now joined them, outlining its position in the context of the region's long-term energy security.



    






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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.