Germany to Bail Out Energy Suppliers Ahead of Winter Without Russian Gas

BERLIN—Germany paved the best way Tuesday for injecting billions of taxpayer cash into embattled vitality suppliers, because the nation braces for a stop to Russian natural-gas imports—a state of affairs many economists assume would set off a extreme recession.

Berlin stated it was rewriting laws going again to the Seventies oil shock, enabling the federal government to inject capital into vitality firms which can be combating rocketing gasoline costs and dwindling Russian provides to guarantee they preserve delivering energy and warmth to firms and households.