State aid: Commission adopts Temporary Crisis Framework to support the economy in context of Russia's invasion of Ukraine
On 23 March, the European Commission adopted a Temporary Crisis Framework to enable Member States to use the flexibility foreseen under State aid rules to support the economy in the context of Russia's invasion of Ukraine.
The Temporary Crisis Framework will be in place until 31 December 2022. With a view to ensuring legal certainty, the Commission will assess before that date if it needs to be extended. Moreover, during its period of application, the Commission will keep the content and scope of the Framework under review in the light of developments regarding the energy markets, other input markets and the general economic situation.
The Temporary Crisis Framework adopted today complements the ample possibilities for Member States to design measures in line with existing EU State aid rules. For example, EU State aid rules enable Member States to help companies cope with liquidity shortages and needing urgent rescue aid. Furthermore, Article 107(2)(b) of the TFEU enables Member States to compensate companies for the damage directly caused by an exceptional occurrence, such as those caused by the current crisis.
Further information HERE