On March 23, 2022, the Commission adopted a Communication setting out a temporary framework for the implementation of State aid rules to support the economy following the conflict in Ukraine (the “Temporary Crisis Framework”), [1] shortly after consulting with the Member States. The Temporary Crisis Framework is based on Article 107(3)(b) TFEU, which allows the Commission to authorize “to remedy a serious disturbance in the economy of a Member State”. [2] The Temporary Crisis Framework follows the adoption of a similar framework to support the economy in the context of the COVID-19 outbreak on March 20, 2020 (the “COVID-19 Temporary Framework”). [3] Rationale and objectives The Temporary Crisis Framework aims (i) to mitigate the impact on businesses caused by the conflict and the
Share on
|
|
The EU Commission adopts State aid framework following similar COVID-19 framework providing loan guarantees, tax-breaks and other measures for energy-intensive industry
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
