EU approves €154 mln to support Swedish livestock, greenhouse producers
Increased energy, feed and fuel prices have impacted producers
7 July 2022
1 minute read
The European Commission has approved a €154 million (USD$154 million) Swedish scheme to support the livestock sector and the greenhouse production in the context of Russia's invasion of Ukraine, according to a Commission press release.
The scheme was approved under the State aid Temporary Crisis Framework in recognition that the EU economy is experiencing a serious disturbance. The measure will be open to companies of all sizes active in the livestock and greenhouse sectors affected by the price increase of electricity, animal feed and fuel caused by the current geopolitical crisis and the related sanctions.
The Commission concluded that the Swedish scheme is necessary, appropriate and proportionate to remedy a serious disturbance in the economy and approved the aid measure on this basis.
“The price increase of electricity, animal feed and fuel caused by Russia's invasion of Ukraine and the related sanctions has hit particularly hard the agricultural sector," said executive vice-president Margrethe Vestager, who is in charge of competition policy. "This €154 million scheme will enable Sweden to support livestock and greenhouse producers affected by the current geopolitical crisis."
