Pavlo Klimkin: Austria should stick to the rules.
Ukraine’s new minister of foreign affairs said in his interview with the newspaper Die Presse that Ukraine is thinking of suing those who will try to invest in the Crimea. He calls for Austria to deal with Russia within the European standards.
Austrian politicians ignore the international critique.
Sweden minister of foreign affairs Karl Bildt announces Putin wants to split up the EU. The U.S. Embassy in Austria proposes Austrians “to consider thoroughly whether the current events contributes to the US and EU mutual tries to stop Russian aggression and starts the negotiation process.”
The Olympic games in Sochi gave another impulse to Russian-Austrian partnership resulted in the increasing of Austrian export turnover to Russia by 10 percent or €3.48 billons. The total volume of the Austrian companies’ investments was €8.5 billons, and Russian investments in Austria was 10.16 billons euros in total. Austrian banks are very active in Russia. According to Profil journal information, Raiffeisen Bank International and Bank Austria provide a €36 billons loan to Russia. Just several hours before Putin arrived in Vienna, Austrian OMV and Russian Gazprom had signed a shareholders’ agreement for construction the South Stream gas pipeline.
Putin does not need the formal approval of Russian confederation to deploy Russian troops in Ukraine.
He also has several leverages over Kyiv, including “Naftogaz” gas debt and could wage an economic war if Ukraine sign an economic and trade agreement with the European Union.
U.S. business lobbies do not support sanctions against Russia.
The U.S. Chamber of Commerce and National Association of Manufacturers plan to run newspaper advertisements June 26 in the New York Times, Wall Street Journal and Washington Post, warning that more Russia sanctions risk harming U.S. workers and businesses.