German energy giant Uniper posted a staggering EUR12 billion loss for H1 2022 on Wednesday as the energy crisis in Europe’s largest member state continues. The company was given a EUR15 billion bailout in July – for 30% of the company’s shares – by the German state to keep the energy solvent as it tries to stay afloat in the face of sharply reduced gas flows from Russia. With near-term energy prices continuing to hit record levels across Europe, further growth-stymying energy restrictions look likely in the weeks and months ahead.
