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Germany’s Uniper Reports Heavy Loss Over Russian Gas-Supply Cuts

BERLIN—Hit exhausting by falling Russian pure gasoline deliveries, German power big Uniper SE reported a internet lack of greater than $12.6 billion for the primary half of the 12 months, deepening the turmoil at one of many first company victims of Europe’s energy crisis.

Uniper, Germany’s largest importer of Russian gasoline, has been compelled to purchase gasoline in the marketplace the place costs are close to data after Moscow slashed deliveries to Germany from June. The German authorities final month agreed on a 15-billion-euro rescue package, equal to $15.24 billion, for Uniper and determined to take a 30% stake within the firm.

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