MADRID, March 28 (Reuters) – The Spanish government will approve on Tuesday a package of around 16 billion euros ($17.5 billion) in direct aid and soft loans to help companies and households cope with high energy prices, Prime Minister Pedro Sanchez said on Monday.
“The war-response shock plan will protect industries and citizens,” Sanchez told an event.
Around 6 billion euros will be disbursed as direct aid and the remaining 10 billion euros are subsidized loans. Both are part of wider measures that will also include limits on house rent increases and caps on energy prices.
($1 = 0.9136 euros)
(Reporting by Belen Carreno and Inti Landauro; writing by Jesús Aguado; editing by Emma Pinedo and John Stonestreet)
Photo Truck drivers take part in the eleventh protest ride against the fuel price increase after the start of the Ukraine war in Logrono, La Rioja, northern Spain, 24 March 2022. EPA-EFE/Raquel Manzanares
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