Global Trade Alert
Global Trade Alert

Spain: EUR 18.2 million production subsidy scheme to support the fisheries sector in the context of the Russian invasion of Ukraine

Announcement

02 May 2022

In May 2022, the European Commission approved a Spanish production subsidy scheme to support the fisheries sector. The scheme forms part of the Spanish national response plan to the economic challenges following the Russian invasion of Ukraine adopted in March 2022 (see related state act).

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 May 2022

Revocation date:

31 Dec 2022

Updated: 02 May 2022
Production subsidy

On 2 May 2022, the European Commission approved a EUR 18.2 million (USD 19.1 million) production subsidy scheme from Spain to support the fishing companies in the context of higher input prices. Su...

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