OilPrice.com
Germany could lend up to $10.4 billion (10 billion euro) to bail out a former unit of Russia’s Gazprom, which the German government expropriated earlier this year, sources with knowledge of the matter told Bloomberg on Monday.
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 in April 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 subsidiaries in Europe, banning them from supplying Russian gas…
