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    Russia’s energy giant Gazprom

    OMV Energy Company Head Says EU Sanctions Not to Hamper Deal With Gazprom

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    The anti-Russia sanctions imposed by the European Union on Russia will not impede a deal between the Austrian oil and gas company OMV and the Russian energy giant Gazprom, OMV CEO Rainer Seele said Thursday.

    VIENNA (Sputnik) — On September 4, OMV and Gazprom signed an agreement on the terms and conditions of a possible asset swap, giving the Austrian firm a 24.98-percent stake in a project to develop two units at an oil, gas and condensate field in north-central Russia in exchange for various forms benefits ranging from shares in OMV's assets and access to certain projects.

    "We have checked, whether we meet the regulatory framework. And we are not in conflict with any of the sanctions in Russia. We have repeatedly carried out all the judicial checks," Seele said.

    He added that OMV had no need to discuss the deal reached with Gazprom with European Commission.

    In 2014, European Union and the United States acted in concert to impose a series of economic sanctions on the Russian energy, banking and defense sectors, after expressing outrage over Crimea’s join Russia and Moscow's alleged involvement in Ukrainian crisis.

    Related:

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    Austrian OMV, Russian Gazprom Energy Companies May Agree on Asset Swap
    Gazprom Neft Expects Sanctions Lawsuit Against EU to be Assessed in 2016
    Tags:
    deal, economy, anti-Russian sanctions, OMV, Gazprom, Austria, Russia
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