Background information

On 7 June 2022, the Minister for the Economy and Innovation of the Republic of Lithuania passed Order No 4-801 and Order No 4-800, amending the Regulations on the Provision of Individual Guarantees for Loans and the Regulations on the Provision of Guarantees for Financial Leases which serve as a basis for providing individual guarantees to financial intermediaries in respect of their loans or leasing transactions for companies affected by Russia’s war against Ukraine. This measure aims at facilitating access to financing for businesses affected by Russia’s military aggression against Ukraine.

Content of measure

The measure is open to SMEs and larger businesses affected by the crisis arising from the war in Ukraine. A business is considered to be affected by the crisis caused by the war and thus eligible for aid guarantees, if trade with Ukraine, Belarus, or Russia amounted to a quarter or more of its imports or exports (including trade with EU countries) in 2021 or at least 3% of the expenditure in 2021 was on fuel, electricity and/or gas. The business will not be able to have trade commitments with Russia and/or Belarus or will have to have terminated them by 30 June 2022. Aid guarantees are granted to secure new leasing transactions and new loans to finance investments in tangible and/or intangible assets or to replenish working capital. The maximum amount guaranteed per beneficiary for a loan or leasing transaction is 15% of the average annual turnover of the loan or leasing recipient (beneficiary) over the last three years; or 50% of the energy costs over the 12 months preceding the month of application.

Guarantees for investment loans and financial lease transactions will be provided for a maximum period of 72 months. The aid guarantees will be provided until 31 December 2022.

Use of measure

No information 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 Company / Companies Public support service providers	National funds

Social partners

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

	Trade unions	Employers' organisations
Role	Unknown	Unknown
Form	Not applicable	Not applicable

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

• No involvement
• Main level of involvement: Peak or cross-sectoral level

Involvement

No information available.

Views and reactions

No information available.

Sources

• 07 June 2022: Order No 4-801 of the Minister for the Economy and Innovation of the Republic of Lithuania (www.e-tar.lt)
• 07 June 2022: Order No 4-800 of the Minister for the Economy and Innovation of the Republic of Lithuania (www.e-tar.lt)