Russia Halts Natural Gas Flow to Austria | |
Massimo User ID: 80750506 United States 10/01/2022 08:05 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76658155 Romania 03/30/2023 12:29 PM Report Abusive Post Report Copyright Violation | In 1968 Austria became the first western European country to import Soviet gas. Austria grew to a major hub for delivering gas to Italy, Germany and France. Austrian companies, especially in the energy sector, have become deeply entwined with Russia; at the end of 2021 Russian companies held $25.5 billion assets in Austria. Russia was per 2022 the second largest investor in Austria, after Germany. According to an estimate from the Bank for International Settlements, Austrian banks in 2022 were exposed to $17.5 billion in Russian debt. Before the 2022 war, Austria got 80% of its natural gas from Russia, while 1/4 of all Russian gas deliveries to the EU flowing through the Austrian Baumgarten hub. [link to en.wikipedia.org (secure)] AustriaPutler |
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