German Gas Giant Reports Steep Losses from Russian Squeeze

Kyiv Post | Aug 17, 2022 at 10:59 AM
  • The company, which accepted a government rescue package last month, said that it had recorded a net loss in the first six months of the year of 12.3 billion euros ($12.5 billion).
  • The German government agreed in late July to take an around 30-percent stake in Uniper.
  • Russia’s war in Ukraine has caused turmoil in European energy markets, especially in Germany.