The EU Commission green-lights a €160M Portuguese scheme to alleviate the damage done to gas-intensive industries amid rising gas prices due to the Russo-Ukrainian War

State aid: Commission approves €160 million Portuguese scheme to support gas intensive companies in context of Russia's invasion of Ukraine* The European Commission has approved a €160 million Portuguese scheme to support gas intensive 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: “Gas intensive companies of the manufacturing industry have been particularly hit by the high energy prices caused by Russia's invasion of

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  • European Commission - DG COMP (Brussels)

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European Commission, The EU Commission green-lights a €160M Portuguese scheme to alleviate the damage done to gas-intensive industries amid rising gas prices due to the Russo-Ukrainian War, 3 June 2022, e-Competitions June 2022, Art. N° 106915

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