This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
Russia: Putin touts Austria-Russia gas and oil ties after Fischer meeting03:17

Russia: Putin touts Austria-Russia gas and oil ties after Fischer meeting

Russian Federation, Moscow
April 6, 2016 at 19:13 GMT +00:00 · Published

Russian President Vladimir Putin held a joint press conference with his Austrian counterpart Heinz Fischer after their meeting in Moscow, Wednesday.

While commenting on bilateral economic relations, Putin said that "trade turnover between Russia and Austria [had] decreased by 24.5 percent in 2015 and amounted to $3.2 billion." Such a tendency was a "result of crisis developments in the world economy, falling global energy prices" as well as European sanctions and Russia's counter-sanctions, Putin said.

However, several important agreements on gas and oil have been signed between the two countries, the Russian leader noted. Putin highlighted the agreement between Gazprom and Austrian gas firm OMV concerning participation in the Nord Stream II project, and an agreement on the joint development of the Urengoy gas field. Moreover, "the companies signed a number of new agreements including an oil supply deal and an agreement on scientific and technical cooperation on April 1 in St. Petersburg," Putin added.

Putin also stressed the necessity of unifying efforts to fight against international terrorism, especially following the recent attacks in Paris, Brussels and Lahore.

Commenting on the EU sanctions, the Austrian president reiterated that they could be lifted "only if we take further steps in the Minsk process," adding, "we share the same opinion that provisions of the Minsk agreement must be implemented exactly as they are, and when a common consensus is reached in the European Union - because Austria is a loyal member of the European Union."

Russia: Putin touts Austria-Russia gas and oil ties after Fischer meeting03:17
Pool for subscribers only
No Account? Sign up!
Top downloads in last 24 hours
Show more
Description

Russian President Vladimir Putin held a joint press conference with his Austrian counterpart Heinz Fischer after their meeting in Moscow, Wednesday.

While commenting on bilateral economic relations, Putin said that "trade turnover between Russia and Austria [had] decreased by 24.5 percent in 2015 and amounted to $3.2 billion." Such a tendency was a "result of crisis developments in the world economy, falling global energy prices" as well as European sanctions and Russia's counter-sanctions, Putin said.

However, several important agreements on gas and oil have been signed between the two countries, the Russian leader noted. Putin highlighted the agreement between Gazprom and Austrian gas firm OMV concerning participation in the Nord Stream II project, and an agreement on the joint development of the Urengoy gas field. Moreover, "the companies signed a number of new agreements including an oil supply deal and an agreement on scientific and technical cooperation on April 1 in St. Petersburg," Putin added.

Putin also stressed the necessity of unifying efforts to fight against international terrorism, especially following the recent attacks in Paris, Brussels and Lahore.

Commenting on the EU sanctions, the Austrian president reiterated that they could be lifted "only if we take further steps in the Minsk process," adding, "we share the same opinion that provisions of the Minsk agreement must be implemented exactly as they are, and when a common consensus is reached in the European Union - because Austria is a loyal member of the European Union."