Europe Burns Cash to Help Businesses in Deepening Energy Crisis

Europe Burns Cash to Help Businesses in Deepening Energy Crisis
Electricity pylons and power lines leading from the Uniper coal power plant in Hanau, Germany, on Nov. 23, 2016. Kai Pfaffenbach/Reuters
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BERLIN/LONDON—Germany nationalized gas importer Uniper on Wednesday and Britain said it would halve energy bills for businesses in response to a deepening energy crisis that has exposed Europe’s reliance on Russian fuel.

Russian President Vladimir Putin added to the upward pressure on energy prices by announcing a partial military mobilization, in the biggest escalation of the Ukraine war since Moscow’s Feb. 24 invasion.