Olaf Scholz announces bailout for Germany’s largest Russian gas importer

Chancellor unveils government plan to take 30% stake in Uniper, as country struggles to cope with drastic cut in supplies * Russia-Ukraine war: latest updates Germany has forged a plan to save its largest importer of Russian gas from bankruptcy amid huge energy price increases, the government has confirmed. The chancellor, Olaf Scholz, said the government would take a 30% stake in the energy firm Uniper and also vowed more help would be offered to ordinary people who were struggling to cover soaring energy bills, adopting a crisis slogan addressed to the public: “You’ll never walk alone.” Continue reading...

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