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Reuters
Reuters
Business

EU eyes extending easier state aid rules as Ukraine war rages

Ukraine European Union Commission
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, June 17, 2022. REUTERS/Yves Herman/File Photo

The European Union's executive branch started consultations with member governments on Thursday on a proposal to prolong more relaxed state aid rules and amend them so that nations can support their economies as the war in Ukraine continues.

The bloc's state aid rules are key to preserving fair competition in the 27-nation bloc, preventing governments from subsidising their industries to give them a competitive advantage over others elsewhere in the bloc.

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