Germany Agrees on Gas Relief Package for Businesses, Consumers

BERLIN—Germany unveiled its third power disaster aid package deal this yr to protect shoppers from hovering costs over the winter, a day after Russia indefinitely suspended gas deliveries to Europe’s largest economic system.

The new measures—price 65 billion euros, equal to $64.7 billion—had been flagged earlier than Russian gasoline big Gazprom PJSC reduce deliveries by way of its Nord Stream pure gasoline pipeline. The package deal represents Berlin’s newest try to protect Germany from the fallout of Russia’s economic war on the West and rising inflation normally.