“The situation is more than dramatic.
Many businesses have gone to extremes,” said Georg Knill, President of the Federation of Austrian Industry IndustrieVereinigung (IV).
According to him, in case of further inaction of the Austrian government, the closure of enterprises and unemployment threaten.
Earlier in the Die Welt article it was reported that Austria is leaning towards lifting anti-Russian sanctions due to surge in electricity prices.
Maxim Oreshkin, Assistant to the President of Russia for Economic Affairs, told RT that the crises observed in the food and fuel markets were the result of mistakes by the United States and Europe.
In particular, the "sanctions madness of the West" in recent months has led to this.