| Author (Corporate) | European Commission: DG Maritime Affairs and Fisheries |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L 101, Pages 45-46 |
| Publication Date | 29/03/2022 |
| Content Type | Legislation |
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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. |
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| Source Link | Link to Main Source http://data.europa.eu/eli/dec_impl/2022/500/oj |
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Common Fisheries Policy [CFP], Fisheries | Aquaculture, Wars | Conflicts |
| Keywords | War in Ukraine (2022-) |
| International Organisations | European Union [EU] |
