#32026D0889Establishment of Exceptional Event Due to Middle East Situation
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law identifies the situation in the Middle East as of February 28, 2026, as an exceptional event causing significant market disruption. EU fisheries and aquaculture sectors are affected, facing rising energy costs and raw material shortages. The European Maritime, Fisheries, and Aquaculture Fund will provide support to these sectors to alleviate the impacts.
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Key Changes
- Identification of Middle East situation as a significant market disruption
- Provision of support by the European Maritime, Fisheries, and Aquaculture Fund
- Eligibility for expenditure support from February 28 to December 31, 2026
Obligations
What this law requires
Support from the European Maritime, Fisheries and Aquaculture Fund (EMFAF) is available to operators in the fishery and aquaculture sector who are adversely affected by the market disruption.
Expenditure support eligibility under the EMFAF applies to costs incurred between 28 February 2026 and 31 December 2026.
Expenditure related to the disruption of markets must be paid by beneficiaries by 31 December 2029 to qualify for EMFAF support.
Member States must establish methodologies to ensure the compliance of expenditure for EMFAF support with Article 53(3) of Regulation (EU) 2021/1060.
Recognised producer organisations and associations storing fishery products must comply with Articles 30 and 31 of Regulation (EU) No 1379/2013 to qualify for EMFAF support.