EU Loosens Subsidy Rules for Exporters to Allow More State Help

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(Bloomberg) --

European Union subsidy rules were loosened again to allow exporters get government help as the region struggles with surging coronavirus infections amid weeks of restrictions that have frozen normal economic activity.

The European Commission will allow exporters to seek state insurance for short-term export-credit insurance until Dec. 31, it said Friday in a press release. It is temporarily removing all nations from a list of “marketable risk” countries that can’t usually get state help. Export-credits allow foreign buyers of goods and services to defer payment, creating a credit risk for exporters, which they usually seek insurance for.

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