Italy: Prolongation and budget increase of SACE's scheme for the reinsurance of the natural gas and electricity trade credit risks

Announcement

06 Mar 2023

In March 2023, the European Commission approved the prolongation of a loan guarantee scheme to support Italian companies facing trade credit risks in the context of the Russian invasion of Ukraine.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

06 Mar 2023

Revocation date:

No revocation date

Loan guarantee

On 6 March 2023, the European Commission approved a EUR 3 billion (USD 1.9 billion) budget increase for a loan guarantee scheme from Italy. The original scheme was approved in September 2022 (see rela...

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)

30 Sep 2022

Italy: SACE introduces scheme for the reinsurance of the natural gas and electricity trade credit risks

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