Sanctions-hit firms may get 500,000 euros state aid under EU plans

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman//File Photo

ROME/BRUSSELS (Reuters) - EU companies hurt by sanctions imposed on Russia over Ukraine may see a 25% rise in state aid to 500,000 euros ($504,050) to help them cope with the invasion's impact and resulting energy crunch, a European Commission document seen by Reuters showed.

The EU executive, which acts as the competition enforcer in the 27-country bloc, earlier on Monday said it would seek feedback from EU countries on its proposal before making a final decision, but it did not provide figures.