June 2, 2022

Covid-19 Key EU Developments, Policy & Regulatory Update No. 82

Kaarli Eichhorn, Lucie Fournier, Dr. Jörg Hladjk, Cecelia Kye, Justine Naessens, Cristiana Spontoni, Rick van 't Hullenaar

Jones Day

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COMPETITION & STATE AID -

State Aid -

European Commission approves first scheme under State aid Temporary Crisis Framework in context of Russia’s invasion of Ukraine.

On 7 April 2022, the Commission approved a French scheme providing up to €155 billion in liquidity support for companies across all sectors (excluding certain companies active in the financial sector) in the context of Russia's invasion of Ukraine.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.