The European Commission submitted to Member States on Thursday 10 March a draft proposal for a Temporary Framework for State Aid to support the EU economy in the context of the Russian invasion of Ukraine.
The draft proposal is based on Article 107(3)(b) of the Treaty on the Functioning of the EU, which allows aid to be granted to remedy a serious disturbance in the EU economy.
Executive Vice-President Margrethe Vestager, in charge of competition policy, recalled that “Putin’s war on...