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by tuukkah
1117 days ago
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The German goverment went as far as nationalising Uniper, the big gas and energy company. Now, Russia has made an even more destructive move and seized Uniper's and Fortum's Russian subsidiaries. (Fortum lost billions in both cases.) |
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It was insolvent and forced into fixed price deliveries that it had to procure through suddenly expensive spot market.