The EU Commission approves a French liquidity scheme to support companies in the context of Russia’s invasion of Ukraine

State aid: Commission approves French liquidity scheme to support companies in context of Russia's invasion of Ukraine* The European Commission has approved a French scheme that enables up to €155 billion in liquidity support for companies across all sectors in the context of Russia's invasion of Ukraine. The scheme is the first 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: “This scheme will enable France to mitigate the economic impact of Putin's war in Ukraine and to support companies

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European Commission, The EU Commission approves a French liquidity scheme to support companies in the context of Russia’s invasion of Ukraine, 7 April 2022, e-Competitions May 2022, Art. N° 106039

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