Factsheet for measure
IT-2022-14/2306
– measures in Italy
Facilitated access to finance for companies with interests in Ukraine, the Russian Federation or Belarus
Misure in favore di aziende con interessi in Ucraina, Russia e Bielorussia
Background information
This measure is part of the 'Ukraine Decree' bill approved by the Senate on 31 March 2022 to convert Decree-Law No. 14 of 25 February 2022 on urgent provisions on the crisis in Ukraine (A.S. 2562) into law. The measure was approved on first reading by the House during the 17 March session in response to the humanitarian crisis in Ukraine caused by the war with Russia.
Content of measure
The Decree-Law establishes conditions of access to the Fund under Law No. 394/1981 for applications for financing. This financing is offered to companies that achieved an average turnover of at least 20% of their total turnover with direct export operations to Ukraine, the Russian Federation and Belarus, according to their last three deposited balance sheets. They are expected to use this financing for equity operations.
Financing is provided at a subsidised rate. The subsidised rate is 10% of the EU reference rate. A suspension of up to twelve months of the payment of the principal and interest of the instalments falling due in the year 2022 may be arranged, with a consequent shift of the amortisation schedule for a corresponding period.
Use of measure
Data on the implementation of the measure is not yet available.
Target groups
Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
-
Main level of involvement: N/A
Involvement
No involvement.
Views and reactions
No data available.
Sources
