News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 86%

Nigeria News News

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. Vestager...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Azmin urges Qatar companies to partner with Malaysian businesses | Malay MailKUALA LUMPUR, March 27 — Qatari companies have been urged to take advantage of the Regional Comprehensive Economic Partnership (RCEP) by partnering with Malaysian companies and subsequently being part of the new regional economic landscape. Senior Minister cum Minister of International Trade and... Whoa... not sure if it's misreported, but seems like wrong choice of words shouldn't it have been inviting instead of urging?
Source: malaymail - 🏆 1. / 86 Read more »