Brussels (Brussels Morning Newspaper) – The European Commission has approved an amount of €32.5 million Irish State aid scheme to fund agricultural producers in the context of Russia’s fight against Ukraine.
The European Commission has agreed to a €32.5 million Irish scheme to help horticulture producers and tillage following Russia’s attack against Ukraine. The scheme was endorsed under the State Aid Temporary Crisis and Transition Framework (‘TCTF’), assumed by the European Commission in 2023 and revised in 2024.
Based on the scheme, the support will contain limited amounts of aid in the state of direct assistance. The action will be available to tillage and horticulture producers who are in danger of failing financial liquidity due to the problems in the agricultural market caused by Russia’s war against Ukraine.
The European Commission has figured that the Irish scheme is following the prerequisites set out in the TCTF. In certain, the support (i) will not surpass €280,000 per receiver; and (ii) will be given no later than 31 December 2024. The European Commission found that the plan is necessary, reasonable and proportionate to fix a severe disruption in the economy of a Member State, following TFEU and the requirements outlined in the TCTF. On these grounds, the European Commission endorsed the plan under European Union State aid regulations.
