German energy company "RWE" initiates arbitration proceedings against Russian "Gazprom"

The company is starting arbitration proceedings due to the lack of gas supplies from the Russian side.

It is reported that "Uniper" company did the same last week due to the lack of gas.

"In the event of a full cut of supply, we calculate that the replacement of the remaining 4 TWh could cost at least an additional €400 million," Stifel Research analyst Martin Tessier said.

Instead, Uniper has already suffered $12.3 billion in losses due to the replacement of Russian supplies that stopped in August.