The European Commission authorised, on Thursday 7 April, a French scheme that provides up to €155 billion in liquidity support to companies across all sectors in the context of Russia’s invasion of Ukraine.
The scheme is the first approved under the State aid Temporary Crisis Framework adopted by the EU institution on 23 March (see EUROPE B12917A11).
France had notified the Commission of a loan guarantee scheme to provide liquidity support to companies in the context of Russia’s...