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Spain: EUR 1.3 billion for umbrella scheme in the context of the Russian invasion of Ukraine

Description

On 10 June 2022, the EU approved a Spanish umbrella scheme with a budget of EUR 1.3 billion (approx. USD 1.4 billion) that will provide, among others, state loans to support its economy in the context...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Jun 2022

Revocation date

17 Aug 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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