Austrian Foreign Ministry explains exclusion of Nord Stream 2 from sanctions plans

Austrian Foreign Minister Alexander Schallenberg said that the introduction of restrictions against the project that has not yet been launched does not pose a threat to RUSSIA. At the same time, he stated

Austrian Foreign Minister Alexander Schallenberg, speaking in Brussels, explained why he believes that sanctions on the Nord Stream 2 gas pipeline will not be an effective deterrent against Russia. According to him, measures against the project, which has not yet been put into operation, do not pose a real threat to Moscow. The Foreign Minister is quoted by REUTERS.

He also explained that 40% of Austria's gas comes from Russia, so the state has a certain dependence that cannot be changed instantly.

The day before, Schallenberg said that in the event of an “invasion” of Ukraine, large-scale sanctions would be imposed against Russia, which, however, would not affect the gas sector and Nord Stream 2. “We in Europe are to a certain extent dependent on energy from Russia. <...> We will not be able to change this overnight if we suddenly need heat and electricity,” he explained.

Times learned about the fears of London because of Russia's gas supplies to Europe Politics

During a speech in Brussels, Schallenberg also commented on possible sanctions against Russia in the financial sector, saying that "all options are being considered."