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The Latest Breaking News from Fortum

UK becomes first country to supply Ukraine with long-range missiles

Britain on Thursday became the first country to begin supplying Ukraine with long-range cruise missiles, which will allow Kyiv's forces to hit Russian troops and supply dumps deep behind the front lines. The development comes as Ukraine's President Volodymyr Zelensky said his country’s military needed more time to prepare an…

France 24

Kremlin warns it could widen foreign company asset seizures

Moscow (AFP) - The Kremlin warned on Wednesday that Russia could widen the list of foreign companies subject to temporary asset seizures in case of the "expropriation" of Russian assets abroad.

AFP

Kremlin: seizure of Western assets is retaliatory move, could be expanded

The Kremlin said on Wednesday Moscow's move to take temporary control of the assets of Finnish energy group Fortum FORTUM. HE and its former German subsidiary Uniper was in retaliation for what it called the illegal seizure of Russian assets abroad.

Reuters

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Kremlin warns of more asset seizures after move against Fortum and Uniper

The Kremlin said on Wednesday it could seize more Western assets in retaliation for foreign moves against Russian companies, after taking temporary control of assets belonging to two European state-owned utilities.

Reuters

Putin signs decree to control two foreign firms’ assets in Russia

Move seen as sign that Moscow may take further action if Russian assets abroad are seized to pay for Ukraine war damage.

Al Jazeera

Shareholders of Uniper clear way for German nationalization

Shareholders of German energy company Uniper have approved a rescue package for the gas supplier, clearing the way for its nationalization

The Independent UK

Germany to nationalise embattled gas giant Uniper as energy crisis looms

The German government has agreed to nationalise the embattled gas giant Uniper, which ran into financial problems after the curtailment of Russian supplies.

The Independent UK

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Germany takes over Uniper, raising rescue bill to $29 billion

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

Reuters

Power generator Uniper nationalised by German government as stabilisation measure over energy crisis

Gas-focused business with major UK assets has been hit by hikes and impact of Russia's Ukrainian invasion - no plans to sell off

Birmingham Post

Germany nationalises biggest gas importer to avert supply crisis

Deal includes €8bn cash injection for Uniper, which had been controlled by Finnish energy group Fortum

The Guardian - UK

Germany reaches deal to nationalise troubled gas giant Uniper

Berlin (AFP) - Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the energy sector reels from the fallout of Russia's war in Ukraine.

AFP

Germany nationalizes country's biggest gas importer Uniper

The German government has agreed to nationalize the country’s biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortgage resulting from Russia’s war in Ukraine

The Independent UK

Germany in 'final discussions' over Uniper nationalisation

Frankfurt (AFP) - German gas company Uniper said Tuesday it was on the brink of being nationalised as Berlin stepped in to prop up the energy sector amid a crisis triggered by the Russian invasion of Ukraine.

AFP

Germany working on nationalisation of three major gas companies in historic bid

GERMANY is reportedly in advanced talks to nationalise three large gas importers in a bid to prevent the collapse of its energy market.

The National (Scotland)

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AFP

More European energy firms get state aid as prices soar

Helsinki (AFP) - Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.

Insider UK

Financial close reached on Glasgow energy-from-waste plant

When fully commissioned, it is expected to divert up to 350,000 tonnes of non-recyclable waste from landfill

The Independent UK

German energy giant Uniper asks for bailout amid Ukraine war

Germany's energy supply giant Uniper is asking the government for a bailout amid a growing supply crisis over Russian natural gas

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