Sanctions-hit companies unlikely to get trillions in state aid, EU’s Vestager says | Malay Mail

BRUSSELS, March 28 — Companies affected by sanctions imposed on Russia and soaring energy costs are unlikely to get trillions of euros in state aid that businesses hit by the Covid-19 pandemic received because the impact is smaller, EU competition chief Margrethe Vestager said today.

She told Reuters in an interview there was a big difference between the current situation caused by sanctions imposed on Russia for its invasion of Ukraine and the pandemic when more businesses were hit by national lockdowns, and that would limit the amount of aid handed out this time.

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