Temporary Crisis Framework for State Aid measures to support the economy following the aggression against Ukraine by Russia

Author (Corporate)
Series Title
Series Details C 426, Pages 1-34
Publication Date 09/11/2022
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Summary:

Communication adopted by the European Commission on 28 October 2022, introducing amendments to the State Aid Temporary Crisis Framework which was introduced to enable Member States to use the flexibility foreseen under EU State aid rules to support the economy in the context of Russia's invasion of Ukraine.

Further information:

In March 2022, the European Commission adopted a Temporary Crisis Framework to enable Member States to support the economy in the context of Russia's invasion of Ukraine, hence complementing the already existing State Aid toolbox. In July 2022, a first amendment was adopted to complement the Winter Preparedness Package and in line with the REPowerEU Plan objectives.

On 28 October 2022, further amendments were introduced by the Commission to this Framework. The tool was prolonged in view of the continued aggression by Russia, the feedback received from Member States of the European Union, and consultations held earlier in the month. The amendments also take into account the adoption of Regulation (EU) 2022/1854 and the draft law on a new emergency regulation to address high gas prices in the EU and ensure security of supply throughout the winter. This Communication replaces the Temporary Crisis Framework as adopted in March and amended in July.

The Communication was published in the Official Journal on 9 November 2022.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.C_.2022.426.01.0001.01.ENG
Related Links
Commentary and Analysis
White&Case: Alerts, 03/11/2022: Crisis State aid: The Commission adopts important expansion to its Temporary Crisis Framework https://www.whitecase.com/insight-alert/crisis-state-aid-commission-adopts-important-expansion-its-temporary-crisis-framework

News
Bloomberg: Daily Tax Report, 04/11/2022: European Commission Approves Extension, Amendments to State Aid Temporary Crisis Framework Due to War https://news.bloomberglaw.com/daily-tax-report-international/european-commission-approves-extension-amendments-to-state-aid-temporary-crisis-framework-due-to-war?context=search&index=9

Official
European Commission: DG Competition: State Aid: Temporary Crisis Framework (Ukraine) https://competition-policy.ec.europa.eu/state-aid/ukraine_en
European Commission: Press Release, 28/10/2022: State aid: Commission prolongs and amends Temporary Crisis Framework https://ec.europa.eu/commission/presscorner/detail/en/IP_22_6468
European Commission: Statement by Executive Vice-President Vestager on amendment to State aid Temporary Crisis Framework in context of Russia's war against Ukraine (28 October 2022) https://ec.europa.eu/commission/presscorner/detail/en/statement_22_6471

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