The EU Commission approves a French scheme worth €5B to support energy intensive companies in context of Russia’s invasion of Ukraine

State aid: Commission approves €5 billion French scheme to support energy intensive companies in context of Russia's invasion of Ukraine* The European Commission has approved a €5 billion French scheme to support energy intensive companies across sectors in the context of Russia's invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022, based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU'), recognising that the EU economy is experiencing a serious disturbance. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Energy intensive companies have been hit particularly hard by the current geopolitical crisis and the consequent increase of

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European Commission, The EU Commission approves a French scheme worth €5B to support energy intensive companies in context of Russia’s invasion of Ukraine, 1 July 2022, e-Competitions August 2022, Art. N° 107440

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