# C_2022345EN.01000301.xml

| 8.9.2022 | EN | Official Journal of the European Union | C 345/3 |
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8.9.2022

EN

Official Journal of the European Union

C 345/3

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State aid – Decision to raise no objections

(2022/C 345/03)

The EFTA Surveillance Authority raises no objections to the following state aid measure:

| Date of adoption of the decision | 10 May 2022 |
| --- | --- |
| Case No | 88678 |
| Decision No | 101/22/COL |
| EFTA State | Norway |
| Title (and/or name of the beneficiary) | Temporary Crisis Framework: loan guarantee scheme |
| Legal basis | Parliament decision authorising the scheme and its budget in Innst. 270 S (2021-2022), (1) amending the budget proposed by the Government in Prop. 78 S (2021-2022), (2) and a regulation from the Ministry of Trade, Industry and Fisheries to Export Finance Norway. |
| Type of measure | Scheme |
| Objective | To secure liquidity in the form of guarantees provided by the Norwegian State, for undertakings suffering a lack of liquidity due to the inability of their Russian, Belarusian and/or Ukrainian customers to settle their outstanding balances as a direct or indirect result of Russia’s aggression against Ukraine and the imposition of sanctions. |
| Form of aid | Guarantee |
| Budget | NOK 400 million |
| Intensity | The guarantee can cover up to 90 % of the loan principal, guaranteed loan shall not amount to more than NOK 50 million per undertaking. |
| Duration | 11 May 2022 until 31 December 2022. |
| Economic sectors | Maritime sector |
| Name and address of the granting authority | Eksfin – Export Finance Norway |
| Postal address: |
| PB 1763 Vika |
| N-0122 Oslo |
| NORWAY |

Date of adoption of the decision

10 May 2022

Case No

88678

Decision No

101/22/COL

EFTA State

Norway

Title (and/or name of the beneficiary)

Temporary Crisis Framework: loan guarantee scheme

Legal basis

Parliament decision authorising the scheme and its budget in Innst. 270 S (2021-2022), (1) amending the budget proposed by the Government in Prop. 78 S (2021-2022), (2) and a regulation from the Ministry of Trade, Industry and Fisheries to Export Finance Norway.

Type of measure

Scheme

Objective

To secure liquidity in the form of guarantees provided by the Norwegian State, for undertakings suffering a lack of liquidity due to the inability of their Russian, Belarusian and/or Ukrainian customers to settle their outstanding balances as a direct or indirect result of Russia’s aggression against Ukraine and the imposition of sanctions.

Form of aid

Guarantee

Budget

NOK 400 million

Intensity

The guarantee can cover up to 90 % of the loan principal, guaranteed loan shall not amount to more than NOK 50 million per undertaking.

Duration

11 May 2022 until 31 December 2022.

Economic sectors

Maritime sector

Name and address of the granting authority

Eksfin – Export Finance Norway

Postal address:

PB 1763 Vika

N-0122 Oslo

NORWAY

The authentic text of the decision, from which all confidential information has been removed, can be found on the EFTA Surveillance Authority’s website: http://www.eftasurv.int/state-aid/state-aid-register/decisions/

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(1)  https://www.stortinget.no/no/Saker-og-publikasjoner/Vedtak/Vedtak/Sak/?p=88801

(2)  Prop. 78 S (2021–2022) (regjeringen.no)

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