Germany Agrees on Gas Relief Package for Businesses, Consumers

BERLIN—Germany unveiled its third energy crisis relief package this year to shield consumers from soaring prices over the winter, a day after Russia indefinitely suspended gas deliveries to Europe’s largest economy.

The new measures—worth 65 billion euros, equivalent to $64.7 billion—had been flagged before Russian gas giant Gazprom PJSC cut deliveries via its Nord Stream natural gas pipeline. The package represents Berlin’s latest attempt to shield Germany from the fallout of Russia’s economic war on the West and rising inflation in general.