Regulation (EU) 2022/1278 amending Regulation (EU) No 508/2014 as regards specific measures to alleviate the consequences of Russia’s war of aggression against Ukraine on fishing activities and to mitigate the effects of the market disruption caused by that war of aggression on the supply chain of fishery and aquaculture products

Author (Corporate) ,
Series Title
Series Details L 195, Pages 1-5
Publication Date 22/07/2022
Content Type , ,

Summary:

Regulation (EU) 2022/1278 - formally adopted by the co-legislators on 18 July 2022 - introducing amendments to Regulation (EU) No 508/2014 as regards specific measures to alleviate the consequences of the military aggression of Russia against Ukraine on fishing activities and to mitigate the effects of the market disruption caused by that military aggression on the supply chain of fishery and aquaculture products.

Further information:

Russia's military invasion of Ukraine launched in February 2022 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) No 508/2014 set up the European Maritime and Fisheries Fund (EMFF). This proposal introduces specific measures aimed at alleviating the consequences of the military aggression on fishing activities and to mitigate the effects of the market disruption on the supply chain of fishery and aquaculture. It was tabled by the European Commission on 13 April 2022, and it complements Commission Implementing Decision (EU) 2022/500. The European Parliament endorsed the draft law on 6 July, followed by the Council of the European Union on 18 July. The Act was signed by the co-legislators on that same day and published in the Official Journal on 22 July 2022.

Source Link http://data.europa.eu/eli/reg/2022/1278/oj
Related Links
Commentary and Analysis
EPRS: At a Glance, April 2022: Russia's war on Ukraine: Support for the fishing, aquaculture and fish-processing sectors https://www.europarl.europa.eu/thinktank/en/document/EPRS_ATA(2022)729372

News
Seafood Source, 07/07/2022: Ukraine war compensation coming for EU fisheries, aquaculture https://www.seafoodsource.com/news/supply-trade/ukraine-war-compensation-coming-for-eu-fisheries-aquaculture

Official
EUR-LEX: COM(2022)179: Proposal for a Regulation amending and correcting Regulation (EU) No 508/2014 as regards specific measures to alleviate the consequences of the military aggression of Russia against Ukraine on fishing activities and to mitigate the effects of the market disruption caused by that military aggression on the supply chain of fishery and aquaculture products https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2022:179:FIN
European Parliament: Legislative Observatory: Procedure File for Proposal on additional crisis measures to support the EU fishery and aquaculture sectors in the context of Russia's invasion of Ukraine (2022/0118(COD)) https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2022/0118(COD)
European Parliament: Legislative Train Schedule: European Maritime and Fisheries Fund amendment in order to support the fishing, aquaculture and fish-processing sectors following the war in Ukraine https://www.europarl.europa.eu/legislative-train/theme-fisheries-pech/file-european-maritime-and-fisheries-fund-support-following-the-war-in-ukraine
European Commission: Press Release, 13/04/2022: Fisheries: Commission proposes second package of crisis measures to support fishery and aquaculture sectors https://ec.europa.eu/commission/presscorner/detail/en/ip_22_2408
European Parliament: Press Release, 06/07/2022: EU fisheries and aquaculture to receive compensation for the war in Ukraine https://www.europarl.europa.eu/news/en/press-room/20220701IPR34351/
EPP EP Group: Newsroom, 06/07/2022: Help for fishing industry hit by Russia's war in Ukraine https://www.eppgroup.eu/newsroom/news/help-for-fishing-industry-hit-by-russia-s-war-in-ukraine

Subject Categories ,
Subject Tags , ,
Keywords
International Organisations