On 20 July, the European Commission (“Commission”) amended its state aid Temporary Crisis Framework (TCF), which was initially adopted on 23 March 2022, to make it easier and quicker for member states to support companies affected by the consequences of the war in Ukraine, including companies affected by rising energy prices, in compliance with EU state aid rules. The amended TCF clarifies certain aspects of the initial TCF and increases the ceilings for small amounts…
On 23 March 2022, the European Commission adopted a Temporary Crisis Framework for State Aid measures (TCF) to enable EU Member States to support businesses affected by the economic consequences of Russia’s invasion of Ukraine, including energy-intensive businesses. The TCF provides guidance to the Member States on designing national support measures that will be quickly approved by the European Commission under EU State aid rules. First approvals are expected soon. Key takeaways The following three kinds of…