Clean Break: the company completely halting Russian engagements or exiting Russia
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Uniper SE
Uniper SE
Uniper SE is an energy company based in Düsseldorf, Germany. The name of the company is a portmanteau of "unique" and "performance" given by long-term employee Gregor Recke. Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
117380
Suspend new Russian gas purchases/divest Unipro. Uniper had found a local buyer for Unipro, it had yet to receive “presidential approval”, suggesting the sale was being personally blocked by Putin.
The Federal Property Management Agency received foreigners' shares in Unipro and Fortum under temporary management. Uniper's subsidiary was threatened with a fine of €14.3 billion in case of a claim against Gazprom outside the Russian Federation. The energy company Uniper transferred EUR 530 million to the German budget as part of the dispute with Russia's Gazprom about compensation for damages for under-received gas.
The Company Statement
April 25, 2023
Continue its divestment in Unipro. No new long-term natural gas supply contracts with Russia. Full impairment loss on the Nord Stream 2. Statement condemning Russian invasion of Ukraine. (Operates 5 power plants in Russia under Unipro). Uniper takes €4bn hit after losing control of Russian subsidiary. The German energy concern Uniper does not count on the resumption of Russian gas supplies and is waiting for a court decision on a lawsuit against Gazprom Export for gas supplies no earlier than 2024. Uniper decided to terminate its long-term Russian gas supply contracts and thus legally ended the long-term gas supply relationship with the Russian state-owned company Gazprom Export. The decision was made possible after an arbitration tribunal on June 7, 2024 awarded Uniper the right to terminate the contracts and awarded it an amount of more than €13 billion in damages for the gas volumes not supplied by Gazprom Export since mid-2022.
| November 06, 2024 | Germany received the first compensation for gas that Gazprom did not deliver |
| November 05, 2024 | Uniper reaffirms outlook for full-year 2024 after nine months |
| November 05, 2024 | Germany received the first compensation for gas that Gazprom did not deliver |
| September 18, 2024 | Europe’s Gas Supply Solid as Russian Transit Deal Nears End |
| September 05, 2024 | ‘They Have Stolen Our Business ’: When You Leave Russia, Putin Sets the Terms |
| July 04, 2024 | The Uniper-Gazprom Arbitration Ruling: Is the final curtain coming down on remaining long-term Russian gas supply contracts to Europe? [GGP] |
| June 12, 2024 | Uniper terminates Russian gas supply contracts |
| May 07, 2024 | Germany's Uniper Appeals Russian Ruling That Could Cost it Billions |
| March 13, 2024 | Uniper's subsidiary was threatened with a fine of €14.3 billion in case of a claim against Gazprom outside the Russian Federation |
| August 25, 2023 | Uniper considering legal options over sale of assets in Russia |
| August 07, 2023 | FT estimated damage to European companies since the beginning of the conflict in Ukraine at €100 billion |
| August 06, 2023 | European companies suffer €100bn hit from Russia operations |
| August 01, 2023 | Uniper is waiting for a court decision on a lawsuit against Gazprom Export on gas supplies no earlier than 2024 |
| April 28, 2023 | The Central Bank did not approve the transfer of "subsidiaries" of foreign banks under external management |
| February 17, 2023 | Uniper takes €4bn hit after losing control of Russian subsidiary |
| November 30, 2022 | Uniper Board Plans 'Maximum Separation' from Russian Business Unit |
| November 23, 2022 | Uniper’s Bailout Costs Jump To $53 Billion After Russian Gas Supply Cuts |
| November 03, 2022 | Uniper Posts €40 Billion Loss as Russia Throttles Gas Supply |
| September 20, 2022 | Germany to Nationalize Gas Giant Uniper in Historic Bailout |
| August 17, 2022 | 'Pawn' in energy stand-off, Germany's Uniper suffers $12.5 bln loss |
| July 07, 2022 | Update on Uniper’s Russian activities and way forward |
| May 31, 2022 | Germany's Uniper, RWE have paid for Russian gas under new scheme |
| January 14, 2022 | Last minute Finnish plans |
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