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Germany’s Habeck Promises to Backstop Embattled Gas Companies

  • Minister warns of ‘cascading effects’ on energy markets
  • ‘We will definitely act,’ Habeck says in Bloomberg interview
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Germany's Scholz Signals Bailout for Uniper

Economy Minister Robert Habeck vowed to bail out any German energy company that falters because of Russia’s squeeze on gas supplies. 

Energy markets risk “cascading effects” as buyers of Russian gas like Uniper SE seek to cover shortfalls by buying expensive supplies on the spot market, Habeck said in an interview with Bloomberg.