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Italy notified to the Commission a €1.2 billion umbrella scheme to support the agricultural, forestry, fishery and aquaculture sectors in the context of Russia's invasion of Ukraine.
Under this scheme, the eligible beneficiaries will be entitled to receive limited amounts of aid in any of the following forms: direct grants; tax or payment advantages; repayable advances; and reduction or exemption from the payment of social security and welfare contributions.
The measure will be open to companies of all sizes active in the agricultural, forestry, fishery and aquaculture sectors affected by the price increase of electricity, animal feed and fuel caused by the current geopolitical crisis and the related sanctions.
The aid will not exceed €35,000 per beneficiary active in the primary production of agricultural products, fisheries and aquaculture sectors and €400,000 per company active in all other sectors; and will be granted no later than 31 December 2022.
May 18, 2022/ European Commission/ European Union.
https://ec.europa.eu
