Commission Implementing Decision (EU) 2022/500 establishing the military aggression of Russia against Ukraine as the occurrence of an exceptional event causing a significant disruption of markets

Summary:

Implementing Decision (EU) 2022/500 - adopted by the European Commission on 25 March 2022 - establishing the military aggression of Russia against Ukraine as the occurrence of an exceptional event causing a significant disruption of markets.

Further information:

Russia's military invasion of Ukraine had an impact on operators of the fisheries and aquaculture sector in the European Union (EU). The disruption of trade flows of key commodities aggravated the increase of prices of key inputs. Trade between Ukraine and the EU was affected by the unavailability of transport. A part of the EU fleet ceased fishing, given the decrease in profitability and the impossibility of compensating the increase in input costs. Fishing vessels operating in the Black Sea faced the threat of possible military activities, leading to a precautionary suspension of their activity. Significant market disruption has therefore been registered.

Regulation (EU) 2021/1139 establishing the European Maritime, Fisheries and Aquaculture Fund (EMFAF) is able to support compensation for certain costs inflicted upon fisheries and aquaculture operators under these circumstances. The same was true for recognised producer organisations and associations of producer organisations which store fishery products, in accordance with Regulation (EU) No 1379/2013. However, there is a need for the European Commission to formally establish the occurrence of an exceptional event causing disruption.

This Implementing Decision therefore establishes that the military aggression of Russia against Ukraine is an exceptional event causing a significant disruption of markets. It was adopted by the Commission on 25 March 2022 and published in the Official Journal on 29 March 2022.

• Primary Source

Official

European Commission: Press Release, 25/03/2022: Fisheries: Commission activates crisis measures to financially support fishery and aquaculture sectors https://ec.europa.eu/commission/presscorner/detail/en/ip_22_2003

European Commission: Questions and Answers on the crisis mechanism to financially support the fishery and aquaculture sectors (25 March 2022) https://ec.europa.eu/commission/presscorner/detail/en/qanda_22_2004

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