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MarketScreener Homepage  >  Equities  >  Xetra  >  Uniper SE    UN01   DE000UNSE018

UNIPER SE

(UN01)
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Germany says it expects EU to impose sanctions against Russia over Navalny case

10/03/2020 | 06:05am EST

* German foreign minister raises pressure on Moscow

* Maas: Sanctions must be targeted and proportionate

* Says EU can't ignore violation of chemical weapons ban

BERLIN, Oct 3 (Reuters) - Germany expects the European Union to impose new sanctions against Russia over the poisoning of opposition leader Alexei Navalny with an internationally banned nerve agent, Foreign Minister Heiko Maas said on Saturday.

Navalny emerged from a coma in early September after suddenly falling ill during a flight in Siberia on Aug. 20 and later being airlifted to Berlin for treatment. German doctors say he was poisoned with Novichok, a Russian nerve agent.

Germany, France and other Western countries have demanded an explanation from the Kremlin for Navalny's illness. Russia says it has seen no firm evidence he was poisoned and denies involvement in any attack on him.

"I am convinced that there will be no longer any way around sanctions," Maas told news portal t-online in an interview.

"Sanctions must always be targeted and proportionate. But such a grave violation of the International Chemical Weapons Convention cannot be left unanswered. On this, we're united in Europe," Maas added.

Germany currently holds the rotating presidency of the 27-member bloc. EU leaders will discuss their reaction and possible sanctions against Russia at their next summit on Oct. 15-16.

"If the result of the German, Swedish and French laboratories is confirmed, there will be a clear response from the EU. I'm sure about that," Maas said.

Germany has sent samples taken from the Russian opposition politician to the Organisation for the Prevention of Chemical Weapons (OPCW) in The Hague for additional tests in their labs.

Russia's Foreign Ministry said on Saturday the German Foreign Ministry had sent its embassy in Berlin a refusal in response to an embassy request to have access to Navalny.

It also called on those who inspire a "campaign of demonizing Russia" to stop.

A German Foreign Ministry spokeswoman pointed to earlier remarks from a ministry spokeswoman, saying Berlin had forwarded the Russian request for consular access to Navalny and that they had informed the Russian Embassy about this step on Sept 23.

But it was up to Navalny himself whether he wanted to be visited by Russian officials or not, the spokeswoman added.

The Navalny case has worsened relations between Moscow and a number of Western countries. Germany has faced calls to halt the nearly-completed Nord Stream 2 pipeline, which is meant to bring more Russian gas directly to Germany.

Asked if European sanctions against Russia should include Nord Stream 2, Maas said there were more than 100 European companies involved in the project, half of them in Germany.

"So many European workers would suffer from a construction freeze," Maas said.

Nord Stream 2 is led by Russia's state gas giant Gazprom , with half of the funding provided by Germany's Uniper and BASF's Wintershall unit, Anglo-Dutch company Shell, Austria's OMV and France's Engie. (Reporting by Michael Nienaber Additional reporting by Maria Tsvetkova in Moscow Editing by Louise Heavens and Frances Kerry)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -1.54% 60.21 Delayed Quote.-9.21%
ENGIE 1.69% 12.635 Real-time Quote.-13.72%
GAZPROM 0.82% 187.52 End-of-day quote.-26.86%
GAZPROM NEFT 1.72% 325.5 End-of-day quote.-22.53%
OMV AKTIENGESELLSCHAFT -0.59% 30.4 End-of-day quote.-39.30%
UNIPER SE -0.36% 27.98 Delayed Quote.-4.85%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.08% 75.423 Delayed Quote.22.74%
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Financials
Sales 2020 65 544 M 78 155 M 78 155 M
Net income 2020 677 M 807 M 807 M
Net Debt 2020 1 725 M 2 056 M 2 056 M
P/E ratio 2020 14,6x
Yield 2020 4,90%
Capitalization 10 240 M 12 194 M 12 210 M
EV / Sales 2020 0,18x
EV / Sales 2021 0,18x
Nbr of Employees 11 644
Free-Float 21,1%
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Technical analysis trends UNIPER SE
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Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 24,96 €
Last Close Price 27,98 €
Spread / Highest target 12,6%
Spread / Average Target -10,8%
Spread / Lowest Target -33,9%
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Managers
NameTitle
Andreas Schierenbeck Chief Executive Officer
Klaus-Dieter Maubach Chairman-Supervisory Board
David Bryson Chie Operating Officer
Sascha Bibert Chief Financial Officer
Oliver Biniek Member-Supervisory Board
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