By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
8
Notification Show More
Videos
Stocks pop on Japan trade deal news, Big Tech earnings expectations
18 hours ago
Videos
How The U.S. Became So Dependent On SpaceX
19 hours ago
News
John Hancock Alternative Asset Allocation Fund Q2 2025 Commentary (Mutual Fund:JAAAX)
19 hours ago
Videos
President Trump delivers remarks on AI
2 days ago
Videos
Why high earners still feel broke
2 days ago
News
FFLC: Measured Exposure For Growth With Valuation Discipline (BATS:FFLC)
2 days ago
Videos
Alphabet earnings beat expectations, Tesla misses on earnings and revenue
3 days ago
Videos
Why Texas Instruments Is Betting $60 Billion On Making Cheap Chips In The U.S.
3 days ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > EU should be open to resuming Russian gas imports, says Austria
News

EU should be open to resuming Russian gas imports, says Austria

News Room
Last updated: 2025/06/17 at 6:14 AM
By News Room
Share
5 Min Read
SHARE

Stay informed with free updates

Simply sign up to the EU energy myFT Digest — delivered directly to your inbox.

The EU must be open to resuming Russian gas imports in the event of a peace deal being brokered to end the war in Ukraine, Austria has said — one of few countries in the bloc to openly float such an option.

Brussels “must maintain the option to reassess the situation once the war has ended”, the Austrian energy ministry told the Financial Times.

The statement confirmed reports that Elisabeth Zehetner, the Austrian state secretary for energy, made this plea to her EU peers at a meeting in Luxembourg on Monday, said diplomats with knowledge of the discussions.

Vienna’s stance marks the first time since Moscow’s full-scale invasion of Ukraine in 2022 that an EU member state other than Hungary or Slovakia openly floats the resumption of Russian gas imports once the war is over.

The European Commission on Tuesday is set to propose banning any new gas contracts with Russia and terminating existing ones over the next two years — regardless of the outcome of peace talks.

Dan Jørgensen, the EU’s energy commissioner, said on Monday that a potential peace deal should “not lead to us starting to import Russian gas again”.

“That would be a very unwise decision because that would just be refilling Putin’s war chest with money. I think that would be to repeat the mistakes that we have done in the past,” he added.

Unlike Russian coal imports, which the EU banned in 2022 and a G7 price cap on Russian oil introduced in 2023, gas has not been subject to any EU restrictions — though most countries largely stopped importing the Russian fossil fuel, notably Germany, even as its economy was severely affected as a consequence. Imports of Russian liquefied natural gas (LNG) went up, with a record 16.5mn tonnes imported last year.

European officials have previously debated whether a return to Russian gas should be part of peace negotiations with Russia — with the commission firmly opposing such a step. Brussels is also proposing a ban on the Nord Stream pipelines connecting Germany to Russia — a measure endorsed by German chancellor Friedrich Merz as a way to quell any potential internal discussions about reverting to cheap Russian gas.

Austria has depended heavily on Russian natural gas for decades, importing around 80 per cent of its gas from the country before the war in Ukraine. This reliance was underpinned by long-term contracts between Russia’s Gazprom and Austria’s OMV, of which the government owns 31.5 per cent. OMV cut ties with Gazprom in a historic break last December following a long-running contract dispute.

Vienna has taken steps to diversify its supply, particularly by sourcing gas from other European countries such as Germany. The country, which is neutral politically but supports sanctions, has faced criticism for lagging in reducing this dependency since the war began.

Its neighbours Hungary and Slovakia, which remain dependent on Russian gas and which are led by Russia-friendly governments, have been vocal in their opposition to the commission’s plan to end all Russian fossil fuel imports by 2027.

Italy, which imported most Russian gas last year according to the think-tank Ember, previously also floated the option of resuming gas imports once the war is over, in discussions behind closed doors.

A spokesperson for the Italian energy minister declined to comment.

The commission plans to use trade law when proposing the complete ban on Russian gas, the FT has reported.  

Jorgensen said that unlike the sanctions regime, which is subject to unanimous backing by the EU’s 27 governments every six months, the ban “will stand until someone decides to change it”.

Several countries have raised concerns that the legal basis for the ban will be strong enough to enable companies to call on force majeure clauses in their existing contracts without paying hefty penalties to Russia.

Jorgensen said he had “a very clear opinion from the legal team of the commission stating that since this will be a prohibition, a ban, the companies will not get into legal problems”.

Additional reporting by Amy Kazmin in Rome

Read the full article here

News Room June 17, 2025 June 17, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Stocks pop on Japan trade deal news, Big Tech earnings expectations

Watch full video on YouTube

How The U.S. Became So Dependent On SpaceX

Watch full video on YouTube

John Hancock Alternative Asset Allocation Fund Q2 2025 Commentary (Mutual Fund:JAAAX)

This article was written byFollowA company of Manulife Investment Management, John Hancock…

President Trump delivers remarks on AI

Watch full video on YouTube

Why high earners still feel broke

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

John Hancock Alternative Asset Allocation Fund Q2 2025 Commentary (Mutual Fund:JAAAX)

By News Room
News

FFLC: Measured Exposure For Growth With Valuation Discipline (BATS:FFLC)

By News Room
News

Allspring Special Small Cap Value Fund Q2 2025 Commentary (ESPAX)

By News Room
News

Allspring Emerging Markets Equity Advantage Fund Q2 2025 Commentary (undefined:EQIAX)

By News Room
News

Companhia de Saneamento Básico do Estado de São Paulo – SABESP 2025 Q2 – Results – Earnings Call Presentation (NYSE:SBS)

By News Room
News

Jay Powell to deliver Jackson Hole address under fire on multiple fronts

By News Room
News

Meta and Character.ai probed over touting AI mental health advice to children

By News Room
News

A letter for Melania and a suit: Zelenskyy charms Trump in the Oval Office

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?