Germany Lends $10 Billion To Save Ex Gazprom Unit And Ensure Supply Security
Germany is saving a former Gazprom unit it had expropriated in April with a multi-billion-euro loan to ensure security of supply, the German government said in a statement. Gazprom Germania GmbH was the German unit of Gazprom until a few months ago before the German government placed Gazprom Germania under the trusteeship of the German energy regulator to ensure security of supply after Russia invaded Ukraine. Last month, Gazprom halted gas supply to Gazprom Germania in retaliation for Western sanctions, as Russia imposed sanctions on Gazprom’s…