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Germany ‘Sharpens Tools’ in Gas Crisis as Bailout Talks Continue

  • Habeck: ‘We will do everything to keep up the basic supply’
  • Russia’s squeeze on gas undermines Germany’s economic model
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Germany's Scholz Signals Bailout for Uniper
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Germany’s cabinet rushed through legislation allowing it to rescue struggling energy companies as Russia’s squeeze on gas supplies rips through the industry and threatens the wider economy.

Uniper SE, whose business depends on cheap Russian gas, is set to be the first to receive government support. Officials said on Monday the company needed as much as 9 billion euros ($9.3 billion) -- about twice its market value.