State aid: Commission approves 500 million Finnish scheme to support companies in context of Russia's invasion of Ukraine* The European Commission has approved an €500 million scheme to support companies active 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: “With this up to €500 million scheme, Finland will support companies across almost all sectors affected by the current crisis and the related sanctions. This is an important
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The EU Commission approves €500 million Finnish scheme to support companies in context of Russia’s invasion of Ukraine
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