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Germany Vows to Aid Companies Hobbled by Putin’s Gas Squeeze

  • Government plans to broaden scope of pandemic-era rescue fund
  • ‘We will open a wide rescue umbrella,’ Minister Habeck says
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Ukraine Pipeline a Last Link to Russian Gas for Europe
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Germany will support companies hit by the energy crisis by widening a pandemic-era aid program to help companies hit by surging costs.

Europe’s largest economy is at the center of the continent’s energy crunch as Russian President Vladimir Putin slashes supplies in retaliation for sanctions related to the war in Ukraine. Concerns have been mounting that Germany could face a wave of bankruptcies in the fallout from the crisis.