The Commission prolongs and amends its Temporary Crisis Framework relaxing State aid rules to support the economy following the aggression against Ukraine by Russia

On 28 October 2022, the European Commission (the “Commission”) adopted the second amendment to its Temporary Crisis Framework for State Aid measures to support the economy following the aggression against Ukraine by Russia (the “Framework”). The second amendment to the Framework extends its duration by one year until 31 December 2023.

The four most important things you need to know about this amendment are:

Filed under:
European Union, Energy & Natural Resources, Insolvency & Restructuring, Trade & Customs, Covington & Burling LLP, State aid, European Commission
Authors:
Johan Ysewyn , Sophie Bertin , Carole Maczkovics , Antoine Espinasse
Location:
European Union
Firm:
Covington & Burling LLP