State aid: Commission approves €4 billion Romanian scheme to support companies in the context of Russia's invasion of Ukraine* The European Commission has approved a €4 billion (approximately RON 19.7 billion) Romanian scheme to support 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: “Russia's unjustified war of aggression against Ukraine continues to negatively affect the EU
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The EU Commission approves €4 billion Romanian scheme to support companies in the context of Russia’s invasion of Ukraine
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