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

Author (Corporate)
Series Details COM (2022) 179
Publication Date 13/04/2022
Content Type

Summary:

Legislative initiative tabled by the European Commission on 13 April 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.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2022:179:FIN
Related Links
Official
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

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