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  • German energy giant Uniper asks for bailout amid Ukraine war

    07/08/2022 5:59:33 AM PDT · by McGruff · 7 replies
    ABC News ^ | July 8, 2022
    German energy supply giant Uniper said Friday it is asking the government for a bailout amid a growing natural gas crunch due to the war in Ukraine. Uniper, which is Germany's biggest importer of Russian gas, said in a statement that its board has applied to the government for “stabilization measures.” The move could see the government pump billions of euros (dollars) into Uniper to keep the company afloat. Germany's Cabinet had approved a plan preparing for such measures earlier this week.