Germany nationalizes the country's largest gas importing company

Illustrative photo

The German government has agreed to nationalize the country's largest gas importing company, Uniper.

This is an extension of the state's intervention in the industry to prevent energy shortages resulting from the Russian occupation of Ukraine.

The deal with Uniper is based on a rescue package agreed in July, with a capital increase of 8 billion euros to be financed by the government.

As part of the deal, the German government will take a majority stake in Uniper, which until now was controlled by Finland-based Fortum.

The Finnish government has the largest stake in Fortum.

Uniper's losses have increased as Russia has cut natural gas supplies to European countries that support Ukraine. Prices have risen for the fuel needed to heat homes, generate electricity and power plants, raising fears of businesses shutting down while the weather cools.

Last week, Germany also took control of three Russian-owned oil refineries, ahead of an embargo on Russian oil coming into force next year.

08:59 World

Cannabis is sold on social networks/ 'Camouflaged' as Haribo and chocolate to lure children

Cannabis-packaged sweets such as Haribo and Skittles a...

09:00 World

War/ Russia unveils plan to annex Ukraine

Russia announced the plans of separatists in Ukraine to ho...

08:42 World

Food security, global health at the UN General Assembly / Biden will focus on Ukraine

President Joe Biden will address the UN General Assembly i...

08:39 World

Antonio Guterres: The world is in great danger

The world is in "great danger and paralyzed" warned the Se...

08:36 World

Scholz harshly attacks Putin before the UN

In his first speech before the United Nations, German Chan...

08:22 World Nick Cohen

Can Vladimir Putin still start a nuclear war?

The world is facing the prospect of its first nuclear atta...

21:56 World

Putin, meeting with the leader of the Bosnian Serbs Dodik in Moscow

Bosnian Serb separatist leader Milorad Dodik met Russian P...

18:51 World

Milo Djukanovic rejects the proposal for the new Prime Minister of Montenegro

The President of Montenegro, Milo Djukanovic, on Tuesd...

17:40 World

German gas reserves reached 90% before winter, despite Russian cuts

Gas storage in Germany is more than 90% full, accordin...

17:13 World

Tensions deepen between Turkey and Greece

Territorial disputes are deepening tensions between Tu...

15:54 World

Cyprus rescues hundreds of migrants stranded at sea

Authorities in Cyprus rescued hundreds of migrants on ...

14:58 World

The ignition of new tensions / NATO ready to send more troops to Kosovo

NATO is ready to increase the number of troops in Koso...

13:36 World

Erdogan: Putin is ready to end the war

The Turkish President, Recep Tayyip Erdogan, has said ...

12:32 World

A person dies of hunger "every four seconds"

A person is believed to die of hunger every four secon...

08:39 World

Biden: The COVID-19 pandemic is over in the US

The US President, Joe Biden, has declared the end of the c...

08:36 World

The EU will provide a new emergency instrument against crises

The draft law presented in Brussels aims to avoid shortage...

08:30 World

Rusia përdor frikën për tensione sociale në Gjermani

Rusia përmes fushatave në mediat sociale këtë dimër mund t...

21:17 World

US Marine released by Taliban in exchange for a Taliban hostage held in the US

According to the announcement of American officials, a...

20:37 World

OSCE, report on the way of handling cases of terrorism by the institutions in Kosovo

The mission of the Organization for Security and Cooperati...

20:19 World

Vuçiç: Nuk ka shans që të lejojmë Kosovën në OKB

Presidenti i Serbisë, Aleksandar Vuçiç, deklaroi se nu...