Russia Halts Gas Supplies to Austria: How Austria is Coping
Russia Halts Gas Supplies to Austria: How Austria is Coping
Russia Halts Gas Supplies to Austria
In a bold move, Russia has stopped supplying natural gas to Austria, citing a dispute over a €230 million ($242 million) arbitration award. Austria, however, remains unfazed and has assured its citizens that they will not run out of gas this winter. The country has alternative fuel sources and gas storage facilities to fall back on.
Austria was one of the last three EU countries still getting gas from Russia
The halt in gas deliveries is a result of an arbitration ruling by the International Chamber of Commerce
Austria gets 98% of its natural gas from Russia, but it's now looking for alternative suppliers
Ukraine has announced it will not continue gas transit on the pipeline after January 1, 2025, forcing Austria to find other suppliers