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German Chancellor Olaf Scholz on Sunday hinted {that a} Lufthansa-like bailout was on the desk to rescue fuel large Uniper.
Referring to the €9 billion package deal to save lots of the German airline, Scholz stated that his authorities was wanting into choices to assist Uniper, Germany’s largest fuel importer.
“Over the last disaster, we developed very exact devices — and I drove this ahead as finance minister — to be able to assist corporations which have come underneath strain from circumstances for which they aren’t accountable,” Scholz stated on Sunday in an interview with public broadcaster ARD.
The German authorities is contemplating presenting subsequent week an emergency regulation to share rising fuel prices between prospects and firms amid fears of a Russian fuel cutoff.
Solely sure importers, like Düsseldorf-based Uniper, rely strongly on Russian fuel and now face a pointy enhance in prices as they should compensate for diminished deliveries with costly last-minute purchases on the worldwide market.
Hans von der Burchard contributed reporting.
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