The EU Commission approves an Italian scheme worth €700M to support companies in context of Russia’s invasion of Ukraine

State aid: Commission approves €700 million Italian scheme to support companies in context of Russia's invasion of Ukraine* The European Commission has approved a €700 million Italian scheme to support companies 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: “Russia's unjustified war of aggression against Ukraine continues to negatively affect the EU and the Italian economy. This €700 million scheme will enable Italy to mitigate

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European Commission, The EU Commission approves an Italian scheme worth €700M to support companies in context of Russia’s invasion of Ukraine, 19 July 2022, e-Competitions August 2022, Art. N° 107814

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