Austria explained rejection of euro in gas calculations

Austria pays for Russian gas not in euros, but in dollars, because market prices worldwide are measured in American currency. So explained the rejection of the euro in the calculations for fuel federal Chancellor of Austria Sebastian Kurtz at the St. Petersburg International Economic Forum. Broadcast is conducted on the site event.

he added that this is not a geopolitical, but an economic question. “It’s just that the system has so much. It doesn’t matter in which currency prices are calculated. We are a small country for us more important than the issue of stability and security,” the Kurtz noted.

Russian President Vladimir Putin stated that calculations in the dollars in the world are gradually reduced. “We are ready to consider the possibility of calculations for gas and in national currency, including in euros. The multiplicity of reserve currencies need to guarantee the safety and sustainability of the world economy and financial system,” the head of state said.

Kurtz also stood up for the construction project of the Russian export gas pipeline “Northern Stream-2”. According to him, Vienna does not doubt the right choice of route for the gas pipeline. Also, the chancellor expressed the hope that Austria and other EU countries thanks to the Northern Plow-2 will continue to receive Russian gas.

/Media reports.