The European Commission has approved a Greek scheme for direct grants of 30 million euros in total to Greek fur and leather producers, it was announced on Friday.
Funding will be open to companies active in these two sectors, regardless of their size, that are affected by Russia’s invasion of Ukraine, and for which the Russian market represents a significant export destination. It is expected to help ensure sufficient liquidity, and to also maintain these companies’ economic sustainability during the war crisis in Ukraine.
Individual aid amounts per beneficiary will not exceed the 500,000 euros, and will be granted no later than December 31, the Commission said.
The scheme was approved under the State Aid Temporary Crisis Framework, adopted by the Commission on March 23 and amended on July 20.