US EditionAustria to back EU's new Russia sanctions, clearing hurdle
Austria lifted its veto on the EU's 19th sanctions package after failing to secure compensation for its bank, enabling financial and energy restrictions on Russia from 2027.
- On Saturday Austria agreed to back the European Union's 19th sanctions package, reversing its earlier stance and removing a key hurdle, the country's foreign ministry said it will approve it on Monday.
- The deadlock stemmed from Austria's request to unfreeze Russian assets for Raiffeisen Bank International, but other EU governments refused, blocking the sanctions package earlier this month.
- The package requires unanimous backing from the EU's 27 member states and includes energy and financial measures that accelerate a ban on Russian liquefied natural gas to January 1, 2027 from January 1, 2028.
- EU foreign ministers will meet on Monday in Luxembourg to finalise the sanctions package, while the European Commission expects to address Slovakia's reservations with a letter on Monday.
- Sanctions also aim at logistical channels such as economic zones used for dual-use imports, targeting Russian tankers, cryptocurrencies, Russian and Central Asian banks, and Chinese oil refineries.
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37 Articles
Austria Clears Way For More EU Sanctions Against Russia
by Stefan J. Bos, Worthy News Europe Bureau Chief BRUSSELS/VIENNA/BUDAPEST (Worthy News) – Austria has agreed to support the European Union’s latest sanctions package against Russia, reversing its earlier opposition and removing a key obstacle ahead of a crucial meeting of European Union foreign ministers in Luxembourg on Monday. Ministers are due to finalize what will be the 27 nation bloc’s 19th package of sanctions against Moscow for its ongo…
The Kyiv Independent
einnews.comAustria drops objections, paves way for EU’s 19th Russia sanctions package
Vienna had previously held up the sanctions over a demand that the EU compensate Austria’s Raiffeisen Bank International for losses inflicted by Russian penalties.
Austria has said it will agree to the adoption of a new package of European Union sanctions against Russia, removing one of the key obstacles ahead of the vote early next week.
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