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EU moves to compensate aquaculture sectors affected by the Ukraine war

MEPs have agreed to provide financial help to EU aquaculture and fisheries sectors that are contending with the economic consequences of Russia’s invasion of the Ukraine.

The Fish Site
by The Fish Site
7 July 2022, at 9:00am
European Commission
European Commission

The newly-approved aid would be provided retroactively from 24 February 2022

On 6 July, MEPs adopted a deal with governments across the EU to provide European fisheries and aquaculture sectors with financial support to alleviate the consequences of the war, by 620 votes in favour, 10 against and 9 abstentions.

The measure would support ventures who had to cease their activities due to the war in Ukraine as well as producers and aquaculture operators whose activities were disrupted as a consequence of the Russian aggression. MEPs also agreed with the Council to amend the proposal to include also those operators and producers whose economic viability was negatively impacted by the war and the processing sector.

Member states would be able to adjust the rules to use the remaining resources available in the European Maritime and Fisheries Fund (EMFF) for the 2014-2020 programming period. The compensation would cover operators and producers’ lost income as well as additional costs incurred because of the war such as the increase in energy, raw materials and fish feed prices.

“This financial package will allow additional crisis measures to be used to support the EU fishery and aquaculture sectors in the context of Russia’s invasion of Ukraine. In particular, funding will be made available to compensate for additional costs, for income forgone and for the storage of products, as well as for the temporary cessation of fishing activities. As for the latter measure, thanks to the European Parliament, aid will be extended for companies that temporarily cannot continue fishing due to economic constraints,” said EP rapporteur Nuno Melo (EPP, PT) following the vote.

The aid would be provided retroactively from 24 February 2022, when the Russian aggression started, at a co-financing rate of 75 percent.

fish farm in the Mediterranean
Seabass and sea bream farm in the Mediterranean

The compensation covers operators and producers’ lost income as well as additional costs incurred because of the war such as the increase in energy, raw materials and fish feed prices

Next steps

Following the final plenary approval, the Council of the EU ministers will have to formally adopt the deal. It will enter into the force following its publication in the Official Journal of the European Union.