EU approves Romania’s €60.7m scheme to support road transport sector
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The European Commission has approved a €60.7 million Romanian scheme to support haulage and bus companies in the context of Russia's invasion of Ukraine.
The purpose of the scheme is to provide liquidity support to those companies affected by the fuel price increases caused by the current crisis and the related sanctions, while also ensuring the uninterrupted movement of goods and persons by road.
The measure will be open to companies of all sizes active in road transport of goods and persons with a valid community license that are affected by the current crisis.
Under the scheme, the beneficiaries will be entitled to receive limited amounts of aid in the form of direct grants.
“With this €60.7 million scheme, Romania will support the road transport sector severely affected by the fuel prices increase caused by the current geopolitical crisis and the related sanctions. This is an important step to mitigate the economic impact of Putin’s war against Ukraine. We continue to stand with Ukraine and its people. At the same time, we continue working closely with Member States to ensure that national support measures can be put in place in a timely, coordinated and effective way, while protecting the level playing field in the Single Market,” said Executive Vice-President Margrethe Vestager, in charge of competition policy commenting on the announcement.