The German government will save the former subsidiary of Gazprom

The German government is going to provide the former subsidiary of Gazprom in Europe, Gazprom Germania, with huge material assistance, in the amount of five to ten billion euros, in order to save the ex-"daughter" of the Russian holding. German leaders thought that the nationalization of a profitable enterprise would be a good idea, but it brought costs to Berlin and relief to Moscow, since after the expropriation the organization is no longer liquid, rather the opposite.

The news agency Bloomberg writes that a large budget transfer is being prepared, citing its own sources. As stated, after Gazprom's withdrawal from the company's shareholders in April, it suffers a distressful financial situation and will not get out of the crisis on its own. The thing is that a highly specialized legal entity no longer receives Russian gas and is unable to continue its activities, let alone make a profit.

According to the agency, large financial assistance can be provided this week, as it is no longer possible to postpone the solution of the issue. The state-owned bank KfW Group will provide financing. Now the application is being considered and the amount is being determined.

It is assumed that the initial infusion of financial resources will help the company to stabilize, leave the danger zone and start looking for alternative supplies of strategic raw materials, that is, work according to specialization. As previously stated in the government, the nationalization is temporary. However, the "retention" of the company in the hands of the national German regulator is delayed, and Gazprom Germania already has problems.

In general, only rash actions of the German government led to the deplorable state of the company, which previously flourished. The former "daughter" of the Russian holding, left without gas from the Russian Federation, was forced to engage in purchases on the super-expensive spot market. Because of this, tariffs for customers increased, and the financial situation began to deteriorate.

The allocated funds, even in the maximum amount, if approved by the bank as a loan, are still not enough to constantly support the development of the company, since without cheap raw materials the former subsidiary of Gazprom will become one of the suppliers, unremarkable and uninteresting. This will lead to bankruptcy and ruin, leveling the efforts of the German government to save assets.
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  1. zzdimk Offline zzdimk
    zzdimk 14 June 2022 09: 28
    A narrow specialist is like a flux (c). What did the German government expect? If this company is sharpened under certain conditions, how will it work under others? Have you tried growing wheat in Antarctica in greenhouses?
  2. GIS Offline GIS
    GIS (Ildus) 14 June 2022 09: 48
    what were they even thinking?
    1. Cherry Offline Cherry
      Cherry (Kuzmina Tatyana) 14 June 2022 17: 01
      They thought how not to offend Grandpa Bee.
  3. Bakht Online Bakht
    Bakht (Bakhtiyar) 14 June 2022 10: 15
    10 billion euros.... What a trifle.
    Gazprom has spent about $2 billion on Nord Stream 10. Comrades German capitalists are advancing on the right road.
    When long-term contracts for the supply of gas to the EU run out (and this should be expected in the next five years), then ALL gas companies in Europe will have to help. Ten billion will not get off.
    1. Cherry Offline Cherry
      Cherry (Kuzmina Tatyana) 14 June 2022 17: 03
      I'm wondering, but they think that if 10 billion euros are launched through the gas pipeline, then gas will appear in it? New technologies?
      1. Bakht Online Bakht
        Bakht (Bakhtiyar) 14 June 2022 20: 52
        Of course they will. Recently, on this site, I was convinced that it costs nothing for the United States to support Ukraine. They will print an extra trillion and all the cases then ... GDP and other stock quotes. This is not 3% of the Russian economy. Well, now Brussels will print an extra 10 billion euros and there will be happiness in Europe ...
        But the capitalization of Yabloko is higher than the capitalization of Gazprom. An apple is worth $3 trillion, while Gazprom is worth only $100 billion.
  4. Offline (Irina Gorskova) 14 June 2022 17: 58
    Already somewhere spoke about this. If Germany's rulers had not "liver with greens" but normal chancellors and their assistants standing up for their Germany, Germany would have rolled around like cheese in butter, having two pipes. But alas. Now get out, spread rot on your own so that "Putin does not get a lot of profit", beg .... This is your choice.
    1. Bakht Online Bakht
      Bakht (Bakhtiyar) 14 June 2022 21: 00
      Funniest news of the day. Gas pumping through SP-1 fell by a third. When downloading 160 million cubic meters per day, 100 million are actually pumped. The reason is banal.

      The press service of the Gazprom company reports that it is forced to significantly reduce pumping through the Nord Stream highway.
      The thing is that the German company Siemens did not return gas pumping units from repair in a timely manner.

      Apparently in the framework of the sanctions policy. Or maybe they just want to freeze their ears ...
  5. Ivanushka-555 Offline Ivanushka-555
    Ivanushka-555 (Ivan) 15 June 2022 03: 45
    Why does Gazprom continue to supply gas under long-term contracts?! The Nazis and their Western friends tore up a lot of contracts and agreements, doesn't this give us the right not to fulfill our obligations and sell all gas at the market price? ... Reputation? But who needs it, if it is already so obvious that Europe will soon refuse our gas. So not to finally chop the loot to the fullest?