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Austrian Economy Minister says gas embargo would be ‘red line’

Austria's Economy Minister Margarete Schramböck has warned that a gas embargo against Russia would be unsustainable.

An energy storage system at the petroleum and gas company OMV refinery in Schwechat.
An energy storage system at the petroleum and gas company OMV refinery in Schwechat. Photo: Dieter Nagl/AFP

In an interview with the Funke media group newspapers (cited in Handelsblatt), Austrian Economy Minister Margarete Schramböck stated that Austria would be strongly opposed to a gas embargo against Russia.

“We must not send any signals in the direction of a gas embargo if we know that we will not be able to sustain it – and neither we nor Germany will be able to sustain it,” she said.

Austria has already voiced support for an EU oil embargo against Russia, but a gas embargo remains a “red line”, as Austria still obtains 80 percent of its gas from Russia, and this has not changed since the beginning of the war.

READ ALSO: Austria throws support behind embargo of Russian oil

The minister also warned Germany from sending any further signals toward a gas embargo and indicated that there would be little solidarity in the event of a halt to Russian gas deliveries.

 “For us, the question is who will pay for it should the European Union dictate that the storage facilities must be filled,” Schramböck said.

“We can use Austrian tax money to make provisions for the storage facilities that serve Austrian needs. But we cannot use Austrian tax money to buy gas for Germany, France, or the Netherlands,” she said.

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COST OF LIVING

Austria to hike amount to be paid out for 2024 ‘Klimabonus’ payment

Austrian authorities will soon start sending out the so-called Klimabonus payment, and it will be a higher amount than last year.

Austria to hike amount to be paid out for 2024 'Klimabonus' payment

The Klimabonus or climate bonus is a part of Austria’s eco-social tax reform, a set of measures to promote climate protection.

One such action includes a tax on CO2 emissions, which increases fuel prices and affects Austrian drivers. The annual Klimabonus payment aims to offset this expense. 

The payment of this year’s climate bonus will see an increase due to the higher CO2 pricing, and so will range between €145 and €290. Last year, the bonuses varied from €110 to €220. The new figures were announced by the Austrian government after the meeting of the Council of Ministers on Wednesday, May 15th, reported ORF.

Payments will be made after the summer

You will receive the bonus if you have had your main residence in Austria registered for more than six months.

As during the precious years, the payment will be made after the summer – by bank transfers and postal deliveries via RSa letter. If you received the payment to your bank account last years, you should update your account details to finanzonline.at to ensure that everything is in order.

READ ALSO: Vienna reveals new plan for how to move away from gas heating

How much will you get?

The idea is that people who live in cities where they can rely on eco-friendly public transportation will receive a lower portion of the bonus. Those who instead have limited access to public transportation and need to pay higher costs, such as for using their car for travelling, will receive a larger portion of the bonus.

The government has created four different categories which decide how much residents in different locations will receive.

  • Category 1: Urban centres with very good infrastructure and excellent public transport facilities, such as Vienna. In Category 1 regions, there is no additional regional compensation, so the payment remains at the base amount (€145 per person).
  • Category 2: Urban centres with good infrastructure and solid public transport facilities, including cities like Graz, Salzburg, Klagenfurt, or St. Pölten. In Category 2 regions, the regional compensation is 33 percent of the base amount (€195 per person).
  • Category 3: Urban centres and surrounding areas with basic public transport facilities or good basic public transport options. Examples of category three regions are Groß-Enzersdorf, Wolfsberg, or Mittersill. In Category 3 regions, the regional compensation is 66 percent of the base amount (€245 per person).
  • Category 4: Rural communities and communities with only basic public transport facilities. Examples of category four regions include Mariazell, Werfen, and Sölden. In Category 4 regions, the regional compensation is 100 percent of the base amount (€290 per person).

READ MORE: Austria climate activist aims to take fight to Brussels

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