Global Trade Alert
Global Trade Alert

Italy: Introduction of EUR 700 million scheme to support SMEs and mid-caps in the context of Russia's invasion of Ukraine

Announcement

19 Jul 2022

In July 2022, the European Commission approved a direct grant Italian scheme to support SMEs and mid-caps affected by the socio-economic consequences of the current economic crisis as a result of the Russian invasion of Ukraine.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 Jul 2022

Revocation date:

31 Dec 2022

Announced: 19 Jul 2022
Financial grant
On 19 July 2022, the European Commission approved a EUR 700 million (USD 716 million) financial grant scheme from Italy. The aid will support all SMEs and mid-caps (maximum 1'500 employees) irrespecti...
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