German energy company awarded $14 billion in damages from Russia's Gazprom

German energy company Uniper has been awarded over 13 billion euros in damages by a tribunal for gas that Russia's Gazprom failed to supply since 2022. The arbitration tribunal in Stockholm also granted Uniper the right to terminate long-term gas supply contracts with Gazprom Export. Uniper incurred significant costs due to Russia cutting gas supplies, forcing them to buy gas at higher market prices. The German government nationalized Uniper after these events. While the ruling is legally binding, Uniper doubts the compensation will be paid, with any amounts likely going to the German federal government.