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Global Trade Alert

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Germany: Government provides EUR 7.5 billion loan guarantee to Siemens Energy AG

Description

On 14 November 2023, the German Federal Ministry for Economic Affairs and Climate Action announced providing a loan guarantee worth EUR 7.5 billion (USD 8 billion) to Siemens Energy AG. The state aid ...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 Nov 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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