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EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

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

Country Italy , applies nationwide
Time period Temporary, 31 March 2022 – 31 December 2022
Context War in Ukraine
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Alessandro Smilari (Fondazione Giacomo Brodolini)
Measure added 18 May 2022 (updated 19 June 2023)

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

Workers Businesses Citizens
Does not apply to workers Importing/Exporting companies
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: N/A


No involvement.

Views and reactions

No data available.



Eurofound (2022), Facilitated access to finance for companies with interests in Ukraine, the Russian Federation or Belarus, measure IT-2022-14/2306 (measures in Italy), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.