A Greek government plan calling for €32 million in direct grants to fur and leather producers has received approval from the European Commission.

According to a statement by the Commission, Athens and Macedonia News Agency (AMNA) reported that the funds which would not be above €500,000 per beneficiary and would be granted by 31 December.

The grants would go to Greek companies in the fur and leather industries for whom the Russian market represented a significant portion of exports and which were affected by trade boycotts as a result of Russia’s invasion of Ukraine.

The payments were intended to help fur and leather producers to have sufficient financial liquidity and maintain their economic viability over the course of the Ukraine crisis.