German government and Uniper agree on multibillion-euro bailout
- Economy
- DPA
- Published Date: 01:31 | 22 July 2022
- Modified Date: 01:31 | 22 July 2022
The German government and Uniper, the country's largest importer of Russian gas, have agreed on a multibillion-euro bailout, the company says.
The agreement will see the government take a stake in Uniper, which has been hit hard by the reduction in gas supplies from Russia through the Nord Stream 1 pipeline.
To fulfil its contracts, the company has resorted to buying more expensive gas on the market, which has led to major liquidity problems.
- U.S. launches probe of Houston illegal dumping over alleged discrimination
- Zelensky: United Nations responsible for guaranteeing deal on Black Sea grain exports
- U.S. accuses former Paraguayan President Horacio Cartes of graft and obstruction
- What charges could Trump face for trying to overturn 2020 election?
- Türkiye at heart of Ukraine grain corridor deal: UN official