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Germany plans to nationalize local Gazprom subsidiary

by The Kyiv Independent news desk August 28, 2022 2:34 PM 1 min read
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According to German newspaper Die Welt, preparations for a possible nationalization of the former German subsidiary of the Russian state-owned company Gazprom are ongoing. Germany has allegedly set up a holding company behind closed doors in order to be able to carry out the nationalization in the short term, Die Welt reported.

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10:35 PM

Hungary loses out on about $1 billion in EU aid.

The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards by the end of 2024. Budapest failed to meet the requirements, a European Commission spokesperson said.
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