Basque government approves 20 million extra aid to companies affected by the war

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By the end of the month, they also hope to launch a new program to guide the industry, in this case more from an energy perspective.

Euskaraz irakurri: Jaurlaritzak 20 milioiko laguntza onartuko du gaur gerraren eragina pairatzen ari diren enpresentzat

The Basque government will present a utility, endowed with 20 millionto help Basque companies affected by the war in Ukraine and before the end of this month another initiative is also planned to support gas consumers.

Deputy Industry Minister Mikel Amundarain announced the initiative in an interview on Radio Euskadi yesterday. According to what he said, they were somehow framed within the special plan approved by the government as a result of Russia’s invasion of Ukraine.

In addition, they also hope to launch a new program at the end of this month to guide the industry, in this case more from an energy perspective and especially gas consumers “who are locked out of what that gas price cap is.

With regard to a possible interruption of gas supply to Europe by Russia and the uncertainty of the gas supply shutdown from Russia to Germany for ten days due to maintenance work on the Nord Stream 1 gas pipeline facilities, Amundarian emphasized Germany’s exposure to Russian gas with a “total dependence” and has stated that there are “concerns” in certain sectors that use intensive gas.

The Deputy Industry Minister added that, in terms of physical gas supply, the Basque Country has “less exposure” than Germany and Central Europe to Russian gas, and what is seen is an increase in exports from the peninsula to Europe.

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Source: EITB

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