Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros (an equivalent of $28.7 billion) amid an escalating energy crisis that shows just how much Europe’s top economy has relied on Russian fuel. The deal brings the total cash pumped into Germany’s three biggest Russian gas… Read More Germany nationalises gas company Uniper
Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season. The cut in supplies, flagged by Gazprom earlier this week, has reduced the… Read More Russia decreases gas supply to Europe
The Group of Seven’s financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country’s devastated economy afloat as long as it fights against Russia’s invasion. Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy – the… Read More G7 pledges $9.5billion in aid to Ukraine
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