BERLIN, (Reuters) –Germany intends to provide more than 100 million euros ($108.8 trillion) of assistance to businesses affected by the Ukraine war. According to a document from finance ministries that was seen by Reuters Friday.

Later, published by ministries, the government called the aid “protective shield” to companies affected by WW2. It stated that the main concern of the government was liquidity short term, something it plans to address using credit instruments.

Through the state bank KfW, the government will provide low-interest and non-liability loans to all companies, up to 7 billion Euros.

It will also offer loans guarantees of up to 100 Billion Euros to protect companies’ liquidity in times when energy prices rises.

“Today we’re presenting a major package economic to help companies who are burdened excessively by high prices,” Robert Habeck from Economy Ministry said in a joint press conference with Christian Lindner, Finance Minister.

In March 2010, the German annual inflation reached its highest point in over 40 years, due to an increase in oil product prices following Russia’s invasion.

Ministers said equity and hybrid capital injections might be an option for certain companies. The government will provide a subsidy for temporary costs to energy-intensive industries.

Lindner described this plan as an “economic shock absorber”, and added that it “deals responsibly using taxpayers’ funds”.

Peter Adrian, President of DIHK Chambers of Industry and Commerce said that Friday’s actions were in the right direction, but the developments in Ukraine meant it was still to be determined if the aid plans will suffice.

In a statement, he stated, “Aboveall, energy prices have once more risen substantially due to the conflict in Ukraine are putting companies into a threatening price squeeze.”

He stated that a supplementary budget which Lindner will submit to Parliament in the next weeks in order to account for the economic effects of war in Ukraine would probably have at least 24 Billion Euros.

Lindner stated Friday at the news conference that Germany was continuing to work every day towards tightening sanctions on Russia.

Habeck is Germany’s vice-chancellor and said, “Russia can not win the War.”

($1 = 0.9192 euros)