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The French government announced the launch of an emergency loan program to support small and medium-sized enterprises affected by rising fuel prices due to the escalation in the Middle East.
In a statement, the Ministry of Economy revealed that companies operating in the transport, agriculture, and fisheries sectors will be eligible for fast-track fuel loans of up to 50,000 Euros.
The ministry also said that the interest rate on the loans will be 3.8%, with repayment periods of up to three years. It noted that the program fulfills a commitment made last week by French Prime Minister Sebastien Lecornu, whose government is seeking to contain the economic repercussions of rising oil prices caused by the war.
