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ANALYSIS-EU unity over Russia sanctions falters as Europe's economy wilts

European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe's own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.
United States Vilniaus Apskritis Czech Republic John Odonnell Gabrielius Landsbergis Olaf Scholz

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EXCLUSIVE-Germany set to assume $230 billion in Uniper derivatives

An Economy Ministry spokesperson told Reuters that Uniper used derivatives to guard against risks in the price of or delivery of energy, or as a hedge against currency swings. Any losses from its overall exposure may be counterbalanced by gains from the financial instruments, which seek to buffer energy price swings with options to buy or sell gas, for example, for a set price in the future.
John Odonnell Knut Slatten Robert Habeck Alexander Smith Dmitry Zhdannikov European Central Bank

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