On Wednesday 4 May, the European Commission authorised a German ‘umbrella scheme’ of around €11 billion to support businesses in various sectors in the context of Russia’s invasion of Ukraine. The support scheme was authorised under the State aid Temporary Crisis Framework.
This German scheme follows another measure authorised on 19 April 2022. Under the German ‘umbrella scheme’, which will be administered by federal, regional and local authorities, aid will take the form...