Uniper, Fortum Subsidiaries Put Under ‘External Management’ by Moscow
While the move is reversible, the Kremlin contemplates more such asset seizures.
While the move is reversible, the Kremlin contemplates more such asset seizures.
Germany’s gas levy was meant to help large energy providers in financial distress, but after learning that successful companies who continue to make billions of profits applied for support as well, the levy will be reworked.
According to multiple sources, the Uniper bailout will not prevent a rise in energy prices, specifically on natural gas.
Germany’s largest gas importer, Uniper, has now asked for financial aid from the state, but a nationalization might bear political risks for the Greens due to ongoing lawsuits against the closure of coal plants.