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April 30, 2025
When Russia unleashed its illegal and unprovoked invasion of Ukraine in February 2022, gas prices in Europe spiked by a factor of 10, driving a wave of bankruptcies and restructurings of European energy companies. Uniper was one of those. Uniper is one of Germany's largest energy companies. It is active across more than 40 countries and has 19.5 GW of power generation capacity to its name. It was one of the funders of the built-but-never-used Nord Stream 2 gas pipeline that connects Russia to...