| Author (Corporate) | European Commission: DG Agriculture and Rural Development |
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| Series Title | Official Journal of the European Union |
| Series Details | L 173, Pages 34-36 |
| Publication Date | 30/06/2022 |
| Content Type | Legislation, News, Policy-making |
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Summary: Regulation (EU) 2022/1033 - formally signed by the co-legislators on 29 June 2022 - introducing amendments to Regulation (EU) No 1305/2013 to account for a specific measure providing exceptional temporary support in response to the impact of Russia's invasion of Ukraine under the European Agricultural Fund for Rural Development (EAFRD). Further information: Regulation (EU) No 1305/2013 sets out the objectives of the EAFRD, the rules governing EU support to rural developments funded by this instrument and how it contributes to rural and agricultural development for the period 2014-2020. As stated in a Communication published by the European Commission on food security and resilience of food systems (2022), Russia's invasion of Ukraine further destabilised already fragile agricultural markets. Before the invasion, commodity markets were witnessing a significant price surge. The security situation further added to the pressure on European agriculture following the COVID-19 pandemic. The set of measures presented in that Communication were no longer enough to face the challenges. This Regulation allows the Member States of the European Union (EU) to provide liquidity support to farmers and agri-food businesses affected by significant increases in input costs, in the framework of the EAFRD. The support takes form of a one-off lump sum for farmers and for SMEs active in processing, marketing or development of agricultural products. Member States are required to substantiate the targeting of the support to those most affected, based on objective and non-discriminatory criteria. The draft law was tabled by the European Commission on 20 May 2022. The proposed Regulation was endorsed by the European Parliament on 23 June and by the Council of the European Union on 27 June. The Act was signed by the co-legislators on 29 June 2022 and published in the Official Journal on 30 June 2022. |
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| Source Link | Link to Main Source http://data.europa.eu/eli/reg/2022/1033/oj |
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Agriculture, Common Agricultural Policy [CAP], European Structural and Investment Funds [ESIF], Rural Development, Wars | Conflicts |
| Keywords | European Agricultural Fund for Rural Development [EAFRD], War in Ukraine (2022-) |
| International Organisations | European Union [EU] |
