Global Trade Alert
Global Trade Alert

Luxembourg: Introduction of guarantee scheme to support companies in the context of Russia's invasion of Ukraine

Announcement

20 May 2022

In May 2022, the European Commission approved a EUR 500 million Luxembourgish scheme to support companies dealing with the economic consequences of the Russian invasion of Ukraine. 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

20 May 2022

Revocation date:

No revocation date

Loan guarantee

On 20 May 2022, the European Commission approved a EUR 500 million (USD 528 million) loan guarantee scheme from Luxembourg. The aid will support any Luxembourgish company from any sector that is being...

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