Federal government agrees on aid package for companies

Berlin The federal government has agreed on an aid package for companies suffering from the consequences of the Ukraine war and the detachment from Russia.

Parts of the package are extended guarantee programs, a subsidy program, liquidity support on the futures markets and the already announced loan program from the state development bank KfW. Equity instruments are still being examined. This emerges from a joint paper by the Federal Ministry of Finance and the Federal Ministry of Economics, which is available to the Handelsblatt.

Credit lines from the KfW, backed by a federal guarantee, are planned for the battered energy industry. A total credit volume of up to EUR 100 billion is planned for this measure. Energy companies that have to deposit very high additional securities, so-called margins, on the stock exchange should be able to use this.

For companies suffering from high energy prices, a “limited-time and narrowly defined cost subsidy” is planned in order to provide direct financial support for energy-intensive production in necessary areas.