Brussels approves a 125 million aid plan for the Spanish gas-intensive sector

Its objective is to offer liquidity to companies in the manufacturing sector, highly dependent on natural gas.

Yesterday, the European Commission gave the green light to the Spanish aid plan for the gas-intensive sector –paper mills, glass and ceramic manufacturers...– for a value of 125 million euros. This state aid package was approved in the context of the crisis over the Russian invasion of Ukraine, which has caused a serious disturbance in the economy and has triggered the price of gas and electricity.

The objective of this financial support is to offer liquidity to companies in the manufacturing sector, highly dependent on gas, whose production costs have increased. The aid will be deployed in the form of direct subsidies, which will not exceed 400,000 euros per beneficiary and will be granted before December 31, 2022.

The European Commission concludes that this aid plan is in line with article 107 of the European treaties, which includes the crisis framework, and that it gives the Member States greater flexibility to face a complex economic situation. In this way, European countries can offer help to companies affected by the sanctions against Russia, as well as compensate for the additional expenses due to the excessive price of gas and electricity.

Brussels considers that the financial support package approved yesterday is "necessary, appropriate and proportionate to remedy a serious disturbance in the economy."

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