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Italy: Reactivation of SACE's temporary state guarantee scheme to support Italian companies amid Russia's invasion of Ukraine

Description

On 19 July 2022, the European Commission approved the reactivation of the SACE's temporary state guarantee scheme with a budget of EUR 10 billion (USD 10.2 billion) loan guarantee scheme from Italy va...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Jul 2022

Revocation date

20 Dec 2022

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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