There is currently renewed uncertainty on the energy markets. Russia turns off the gas tap to Austria. Ukraine is threatening to stop deliveries and no one knows what Donald Trump and Vladimir Putin have in store. Are Austria and Vienna prepared for these risk factors? We spoke to the Viennese City Councilor for Economic Affairs, Peter Hanke (SPÖ), about the current situation.
Russia has cut off gas supplies to OMV since Saturday morning. This meant that Russia was ahead of Ukraine. They had already announced that they would no longer allow Russian gas to pass through to Austria when the existing gas transit contract expires in early 2025. And to make matters worse, Donald Trump will soon be a completely unpredictable politician in the White House – and no one knows exactly what connections he has to Russia.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
