Borrowing and arrears have ballooned to €533 billion in one year, the outlet reports The net financial debt of 150 of Germany’s largest listed companies reached its highest level ever this year, Handelsblatt newspaper reported on Sunday.

The spot price has reached a four-month low, but it remains much higher than last year The price of gas in Europe fell below $1,000 per thousand cubic meters during Monday trading for the first time since June 14, according to data from the London Intercontinental Exchange (ICE).

US officials have dismissed the idea of direct talks with Moscow without Kiev’s involvement, after some 30 Democratic representatives wrote a letter urging President Joe Biden to pursue a diplomatic end to the conflict in Ukraine.