The Industrial Association (IV) is urging politicians to begin negotiations with Ukraine about continuing gas deliveries from Russia beyond the turn of the year. The industry still needs the gas, at least until the WAG Loop gas pipeline is built in the Mühlviertel, and Ukraine’s current contract with Russia expires on December 31st. “Politics must act,” said IV General Secretary Christoph Neumayer on Monday.
If there is no Russian gas, gas prices could increase by 70 percent, the inflation rate could rise by 2.5 percentage points, and the gross domestic product could fall by two percent, said Neumayer.
The Secretary General sees “fine silver linings on the horizon” for the industry, but there is no talk of growth.
In order to maintain prosperity, more work must be done, said Neumayer.
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Source: Nachrichten
