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Germany plans coal u-turn, gas funding to offset Russian cut

Germany is stepping up efforts to respond to a cut in Russian gas supplies by reviving coal plants and providing financing to secure gas for the winter, an effort that would cost about 15 billion euros ($15.8 billion) at current prices.

Czech republicBruxelles capitaleStephan haufeRobert habeckOlaf scholzVladimir putinChristoph merkelTim mcphieEuropean unionEuropean commissionMerkel energyEconomy ministryPresident vladimir putinMinister robert habeckNord streamChancellor olaf scholz

Germany Says Energy Giant Can Use a Russian Account to Buy Gas

"For us, the account number doesn't matter, or the question of whether one or two accounts are opened in one place," Germany's economy ministry said.

Slovak republicStephan haufeVladimir putinTerms of serviceEuropean unionEuropean commissionFinancial timesMi exclusiveRussia gasHil rosen

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