The European Commission has approved an 800-million-euro Greek programme to support non-household electricity consumers in the context of Russia’s war against Ukraine, under the temporary state aid crisis framework.
The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022, based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU’), recognising that the EU economy is experiencing a serious disturbance.
Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Russia’s unjustified war of aggression against Ukraine continues to negatively affect the EU and the Greek economy. The 800-euro million scheme approved today will enable Greece to support affected sectors and companies, in particular the smaller ones, by ensuring that sufficient liquidity remains available to them. We continue to stand with Ukraine and its people. At the same time, we continue working closely with Member States to ensure that national support measures can be put in place in a timely, coordinated and effective way, while protecting the level playing field in the Single Market.”
SOURCE; ANA-MPA
