On Monday 31 July, the European Commission announced that it had approved an Italian aid scheme worth €30 million to meet the liquidity needs of businesses in the agriculture, forestry, fisheries and aquaculture sectors, which are facing the consequences of Russia’s military aggression against Ukraine.
The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 (see EUROPE 13138/1).
Aid will reach beneficiaries in the form of loan guarantees up to a maximum of €250,000 per beneficiary active in the primary production of agricultural products, and up to a maximum of €300,000 per beneficiary active in the fisheries and aquaculture sector. Finally, the aid will not exceed €1 million per beneficiary active in the agricultural sector. (Original version in French by Émilie Vanderhulst)