Uniper’s Bailout Costs Jump To $53 Billion After Russian Gas Supply Cuts ...Middle East

Germany’s largest energy company Uniper is facing some $53 billion (51B euros) in extra costs for nationalization after Russia cut gas supplies to the struggling company. This comes after the cancellation of a gas levy designed to help German gas importers bear additional costs, with Berlin now needing to pump as much as 25 billion euros ($25.8 billion) of additional equity into Uniper to cover losses. Back in September, the German government announced that it would ditch earlier plans for a gas levy on consumers and instead would introduce…

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