German Chancellor Olaf Scholz announced a multibillion-euro bailout to rescue the Germany’s gas importer Uniper, which has been hit hard by the reduction of gas supply as a result of the war in Ukraine. Under the deal, the German government will acquire a 30% stake in Uniper — the country’s largest importer of Russian gas — and provide it with funding. As the gas supply was reduced, Uniper had to purchase more expensive gas from other sources on the market in order to fulfil its contracts, which has caused major liquidity problems. “No one will be left alone,” Scholz said as he announced the bailout. “We can shoulder problems this year and next year and will help as long as necessary.” Schol
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