EU, liquidity for energy companies thanks to new state aid rules

By: MRT Desk

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EU member states can provide public guarantees with more than 90 percent coverage as a financial guarantee for energy companies affected by Ukraine’s war, under more flexible state aid rules, the European Commission said.

Companies can receive up to 2 million euros in state aid, a fourfold increase, the EU executive said.

The ceiling for state support for companies in the agricultural sector has been raised to €250,000 from €62,000 and for the fisheries and aquaculture sectors to €300,000 from €75,000.

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