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2014-08-04 18:25:00

SANCTIONS: AUSTRIA WILL COPE

SANCTIONS: AUSTRIA WILL COPE

Austria will feel a pinch but be able to handle European sanctions against Russia over its role in Ukraine's political crisis, Economy Minister Reinhold Mitterlehner said.

Companies in the high-tech and agricultural sectors would feel the impact the most, he told broadcaster ORF in an interview aired on Saturday. "But overall I think we will cope with the sanctions," he added.

Mitterlehner did not specify which companies might be hit by the sanctions formally adopted by the European Union on Thursday, which include export bans on advanced oilfield equipment.

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Tags: SANCTIONS, RUSSIA, AUSTRIA, EU, CAT, OIL, GAS

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