EU Weighs Looser Aid Rules as Ukraine War Hits Bloc’s Economy
- Nations braced for severe economic consequences of crisis
- Commission is looking at ‘all tools’ at its disposal
Commuters in view of the Grand Arch in the La Defense financial district of Paris.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
The European Union is weighing how to help stem the economic hit from the war in Ukraine, including a possible relaxation of the bloc’s tough state-aid rules.
The European Commission is “looking at all tools at our disposal” and “is ready to use the full flexibility of its state-aid toolbox,” spokeswoman Arianna Podesta said in an email. EU nations would be consulted before any new measures were adopted, she said.