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Global Trade Alert

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Germany: Introduction of EUR 49 billion financial grant scheme to support German businesses in context of Russia's invasion of Ukraine

Description

On 21 December 2022, the European Commission approved a EUR 49 billion (USD 52.1 billion) financial grant scheme from Germany. The scheme supports companies, irrespective of sector and size, "which ar...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Dec 2022

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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