BERLIN—Hit hard by falling Russian natural gas deliveries, German energy giant Uniper SE reported a net loss of more than $12.6 billion for the first half of the year, deepening the turmoil at one of the first corporate victims of Europe’s energy crisis.

Uniper, Germany’s largest importer of Russian gas, has been forced to buy gas on the market where prices are near records after Moscow slashed deliveries to Germany from June. The German government last month agreed on a 15-billion-euro rescue package, equivalent to $15.24 billion, for Uniper and decided to take a 30% stake in the company.

This post first appeared on wsj.com

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