Global Trade Alert
Global Trade Alert

Latvia: Approval of two schemes to support the economy following the aggression against Ukraine by Russia

Announcement

01 Aug 2022

In August 2022, the government of Latvia introduced a loan scheme worth EUR 159 million (approx. USD 163.3 million) in addition to a EUR 22.5 million loan guarantee scheme.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

01 Aug 2022

Revocation date:

No revocation date

Loan guarantee

On 1 August 2022, the European Commission (EC) approved a EUR 22.5 million (approx. USD 23.1 million) loan guarantee scheme from Latvia. The purpose of the scheme is to support firms in the context of...

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State loan

On 1 August 2022, the European Commission (EC) approved a EUR 159 million (approx. USD 163.3 million) subsidized loan scheme from Latvia. The purpose of the scheme is to support firms in the context o...

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