State aid: Commission approves €125 million Estonian scheme to support companies in context of Russia's invasion of Ukraine* The European Commission has approved a €125 million Estonian scheme to support the liquidity needs of 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 and amended on 20 July 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 €125 million scheme will enable Estonia to support companies active in sectors affected by the
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The EU Commission approves €125M Estonian scheme to support companies in the context of Russia’s invasion of Ukraine
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