Germany: Introduction of further state aid scheme to support German companies in context of Russia's invasion of Ukraine

Announcement

04 May 2022

In May 2022, the European Commission approved a EUR 11 billion German scheme to support companies dealing with uncertainties as a result of the Russian invasion of Ukraine.

Source

Number of interventions

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

04 May 2022

Revocation date:

No revocation date

State loan

On 4 May 2022, the European Commission approved a EUR 10 billion (approx. USD 10.5 billion) state loan scheme from Germany. The aid will support any German company from any sector (except credit and f...

Loan guarantee

On 4 May 2022, the European Commission approved a EUR 1 billion (approx. USD 1 billion) loan guarantee scheme from Germany. The aid will support any German company from any sector (except credit and f...

Related State Acts

24 Mar 2022

EU: Commission adopts state aid Temporary Crisis Framework to provide financial support in the context of the Russian invasion of Ukraine (extended until 2023)

18 Aug 2022

Germany: Budget increase for scheme to support German companies in context of Russia's invasion of Ukraine

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