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News Wire / economy

European Commission Requests Fuel Subsidy Removal

developing Cadena SER Brussels 14d13d Impact 5

Brussels will allow EU member states to compensate for fuel price increases caused by the war in Iran. The IVH President noted that the medium-term perspective for German finances remains dramatically multi-faceted and requires a plan to stabilize new debt. This flexibility in state aid rules is intended to be temporary, lasting until December 31. The framework also proposes direct aid for small and medium-sized enterprises related to primary sectors and transport. These relaxations are intended to address rising prices caused by the Iran-Israel conflict and are valid until the end of the year. EU states may be able to cover up to 17 percent of extra costs for fuel and fertilizers due to rising prices from the Iran war, according to the source. States may compensate up to 70% of the cost increase for the most affected professional sectors.

Brussels will allow EU member states to compensate for fuel price increases caused by the war in Iran. The IVH President noted that the medium-term perspective for German finances remains dramatically multi-faceted and requires a plan to stabilize new debt. This flexibility in state aid rules is intended to be temporary, lasting until December 31. The framework also proposes direct aid for small and medium-sized enterprises related to primary sectors and transport. These relaxations are intended to address rising prices caused by the Iran-Israel conflict and are valid until the end of the year. EU states may be able to cover up to 17 percent of extra costs for fuel and fertilizers due to rising prices from the Iran war, according to the source. States may compensate up to 70% of the cost increase for the most affected professional sectors. The package targets sectors most exposed to the energy crisis, including agriculture, fishing, land transport, short-distance maritime transport within the union, and high-energy consumption industries. The aviation sector is explicitly excluded from this compensation package. States may use public funds to offset rising energy costs through this instrument. The measure targets farmers, transporters, and fishermen to prevent business bankruptcies. European Commissioner for Competition Teresa Ribera stated the move could determine the survival of thousands of companies in the coming months.

Topics

fuel prices EU policy Iran

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Sources · 7 independent

Cadena SER

“Bruselas permitirá que los Estados miembros puedan compensar la subida del combustible provocada por la guerra en Irán.”

Cadena SER

“puedan compensar la subida del combustible provocada por la guerra en Irán.”

Cadena SER

“La Comisión Europea permitirá que los estados subvencionen la subida del precio del combustible pagando hasta el 70% del coste adicional a los sectores más expuestos”

Cadena SER

“La Comisión Europea permitirá que los estados subvencionen la subida del precio del combustible pagando hasta el 70% del coste adicional.”

MDR Kultur

“Die Mitgliedsstaaten können die Strompreise der Energieintensive Unternehmen nun bis zu eine von 70% subventionieren. Bisher lag die Grenze bei 50%.”

Cadena SER

“Bruselas de esta forma abre la mano y flexibiliza las reglas de las ayudas de Estado. Quiere evitar que afecte a los sectores más vulnerables y a los que más afecta la subida de los precios.”

Cadena SER

“los países que quieran usar Bruselas de esta forma abre la mano y flexibiliza las reglas de las ayudas de Estado. Quiere evitar que afecte a los sectores más vulnerables”

MDR Aktuell

“EU-Staaten können nun bis zu 70 Prozent der Extrakosten für Kraftstoff und Düngemittel tragen. Hintergrund sind die steigenden Preise wegen des Irankriegs.”

MDR Kultur

“EU-Staaten können nun bis zu 17 der Extraksten für Kraftstoff-Düngemittel tragen. Hintergrund sind steigenden Preise des Iran-Kriegs”

Cadena SER

“La comisión permitirá que los estados subvencionen el coste adicional generado por la subida de los carburantes. Bruselas da luz verde a que los estados subvencionen hasta el 70% de la fa...”

Cadena SER

“verde a que los estados subvencionen hasta el 70% de la fa... Una medida explicaba la vicepresidenta Rivera que está dirigida a los sectores que más sufren la subida del precio de la energía”

Antena 1 RTP HLS

“Bruxelas de olos verdes às ajudas de Estado aos setores mais afetados pelas pela crise energética.”

RFI Monde

“L'Union européenne va autoriser ses états membres à compenser jusqu'à 70% des surcouliers à l'augmentation du coût des carburants et des engrais”

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