EU to propose grants, tax breaks to ease Iran war fallout – Reuters
The European Commission plans to propose temporary measures such as grants, subsidies, tax breaks and loans to mitigate the impact of the Iran war on agriculture, fisheries and transport, Reuters reported, citing a draft Commission document.
The Commission is consulting member states before adopting a final version by the end of April, the report said.
Once adopted, the aid measures will run until the end of the year and cover up to 50% of additional fuel and fertilizer costs arising from the Iran crisis, the report added.
