Temporary Crisis Framework : The European Commission adopts new Temporary Crisis Framework to support the economy in the context of the Russian invasion of Ukraine

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. After a short consultation with Member States, the Commission has adopted a Communication establishing a new temporary crisis framework for the implementation of state aid rules to support the economy in the aftermath of the conflict in Ukraine (hereafter "Ukraine Temporary Framework", published in the Official Journal on 24 March 2022, exactly one month after the invasion of Ukraine). It should be noted at the outset that this approach is far from being unprecedented. In the past, the Commission has already resorted to exceptional state aid schemes to deal with a crisis. This was already the case during the financial crisis of 2008 and of course during

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Authors

  • Sheppard, Mullin, Richter & Hampton (Brussels)
  • Sheppard, Mullin, Richter & Hampton (Brussels)

Quotation

Jacques Derenne, Nour el-Houda Bey, Temporary Crisis Framework : The European Commission adopts new Temporary Crisis Framework to support the economy in the context of the Russian invasion of Ukraine, 23 March 2022, Concurrences N° 2-2022, Art. N° 106592, pp. 153-155

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