EU OKs €346m in Polish state aid to farmers hit by Ukraine war

The European Union’s executive has said it has approved a Polish plan to offer EUR 346 million worth of state aid to farmers affected by Russia's war against Ukraine.

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The European Commission said on Monday it had approved "an approximately €346 million (PLN 1.5 billion) Polish scheme to support agricultural producers in the context of Russia's war against Ukraine."

#EUStateAid Commission 🇪🇺approves €346 million Polish 🇵🇱scheme to support agricultural 🌾 producers in the context of Russia's war against #Ukraine 👇

🔗➡️https://t.co/UJHwWnLyIZ pic.twitter.com/nOTmddvRTZ

— EU Competition (@EU_Competition) June 5, 2023

The EU executive added that the support would consist of "limited amounts of aid in the form of subsidised interest rates on loans."

❗️Kolejna znacząca pomoc publiczna dla 🇵🇱 rolników została zatwierdzona, w kwocie 346 mln euro (1,5 mld zł).

Celem jest zaspokojenie potrzeb płynnościowych rolników, którzy odczuwają skutki obecnego kryzysu geopolitycznego. https://t.co/EzCKlSrmJv

— Janusz Wojciechowski (@jwojc) June 5, 2023

According to the European Commission's statement, "the purpose of the measure is to support the liquidity needs of agricultural producers, which are affected by the current geopolitical crisis."

Jest zgoda KE na pomoc publiczną dla rolników. Rząd może przekazać nawet 1,5 mld zł https://t.co/AGnLIB8BkI

— Gospodarka - Polskie Radio (@Gospodarka_PRSA) June 5, 2023

Russia invaded Ukraine on February 24, 2022, launching the largest military campaign in Europe since World War II.

Monday is day 467 of Russia’s war on Ukraine.

(gs)

Source: PAP, europa.eu