CEO: Russia Sanctions Leave Austria's OMV Untouched


VIENNA, Aug 4 (Reuters) - European sanctions imposed on Russia for its role in Ukraine's political crisis have had no impact on Austrian energy group OMV, Chief Executive Gerhard Roiss said on Monday.

The European Union and United States announced further sanctions against Russia last week, targeting its energy, banking and defence sectors, in the strongest international action yet over Moscow's support for rebels in eastern Ukraine.

"We are not affected by sanctions and that is reasonable. Gas cannot be allowed to become a political football," he told reporters on the sidelines of a news conference on hydrogen power. Austria gets 60 percent of its gas from Russia.

Roiss said he did not expect gas prices to rise given its long-term contracts with Russian supplier Gazprom.

"I spoke to Gazprom on Friday. They are dealing intensely with how they can supply Europe with gas in the crisis," he said, adding OMV continued to get gas via Ukraine without any disruption.

"Ukraine is not taking anything out. We get a daily report and so far the exact amount arrived as it should. There are no supply interruptions," he said.

He said OMV's Austrian gas storage, now 84 percent full, should be completely topped up by the end of September.


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