Germany can help companies with billions more to cushion the consequences of Russia’s war against Ukraine. The EU Commission approved a corresponding change to existing support programs, as the Brussels authority announced on Tuesday evening.
Specifically, it is about several measures that have been adjusted and are now being provided with an additional amount of up to 45 billion euros.
What is also new is that aid can be granted until December 31, 2023. So far, the measures were only registered until the end of the year.
In addition, companies affected by the war can be supported under one of the regulations with up to two million instead of 500,000 euros.
Many companies are groaning, especially under the sharp rise in energy prices in the wake of the war, but supply chains are also disrupted. The sanctions imposed by the EU against Russia also have an impact on German companies.
According to the information, the state funds for the measures that have now been adapted are granted in various ways – for example in the form of grants or loans. (dpa)
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