Clean Break: the company completely halting Russian engagements or exiting Russia

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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

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Germany
Energy, Oil & Gas

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1458
Assets(RF), mln.USD
2003
Capital(RF), mln.USD
1807
Glob.Revenue, mln.USD
117380
Staff(RF), 2021
4598
Taxes(RF), mln.USD
256

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.

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Statements Archive
November 05, 2024Uniper reaffirms outlook for full-year 2024 after nine months
November 05, 2024Germany received the first compensation for gas that Gazprom did not deliver
September 18, 2024Europe’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, 2024The Uniper-Gazprom Arbitration Ruling: Is the final curtain coming down on remaining long-term Russian gas supply contracts to Europe? [GGP]
June 12, 2024Uniper terminates Russian gas supply contracts
May 07, 2024Germany's Uniper Appeals Russian Ruling That Could Cost it Billions
March 13, 2024Uniper's subsidiary was threatened with a fine of €14.3 billion in case of a claim against Gazprom outside the Russian Federation
August 25, 2023Uniper considering legal options over sale of assets in Russia
August 07, 2023FT estimated damage to European companies since the beginning of the conflict in Ukraine at €100 billion
August 06, 2023European companies suffer €100bn hit from Russia operations
August 01, 2023Uniper is waiting for a court decision on a lawsuit against Gazprom Export on gas supplies no earlier than 2024
April 28, 2023The Central Bank did not approve the transfer of "subsidiaries" of foreign banks under external management
February 17, 2023Uniper takes €4bn hit after losing control of Russian subsidiary
November 30, 2022Uniper Board Plans 'Maximum Separation' from Russian Business Unit
November 23, 2022Uniper’s Bailout Costs Jump To $53 Billion After Russian Gas Supply Cuts
November 03, 2022Uniper Posts €40 Billion Loss as Russia Throttles Gas Supply
September 20, 2022Germany 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, 2022Update on Uniper’s Russian activities and way forward
May 31, 2022Germany's Uniper, RWE have paid for Russian gas under new scheme
January 14, 2022Last minute Finnish plans
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