EU farmers and hauliers to get up to €50,000 to cover extra costs of Iran war

Fishing companies can also access up to 70% subsidies, in loosening of state aid rules for ‘most exposed sectors’

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The EU is to subsidise up to 70% of the extra cost of fuel and fertilisers caused by the Iran war for farmers, fishing businesses and road hauliers as part of a package of emergency measures unveiled on Wednesday.

Individual companies can claim up to €50,000 each between now and the end of the year with minimum paperwork, a measure the EU hopes will remove what it sees as an existential threat to hauliers and farmers.