Under the scheme, the aid will take the form of direct grants to small and medium-sized companies active in the trading or purchasing of corn. The purpose of the scheme is to support the eligible beneficiaries that are at risk of losing financial liquidity due to the lack of stability on the agricultural market caused by the current geopolitical crisis.

The Commission concluded that the scheme is necessary, appropriate, and proportionate to remedy a serious disturbance in the economy of a member state, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Crisis and Transition Framework. On this basis, the Commission approved the measure under EU state aid rules.

More information on the Temporary Crisis and Transition Framework and other actions taken by the Commission to address the economic impact of Russia’s war against Ukraine and foster the transition towards a net-zero economy can be found here. The non-confidential version of the decision will be made available under the case number SA.108721 in the state aid register on the Commission’s competition website once any confidentiality issues have been resolved.

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