The European Commission has adopted a package of emergency measures designed to provide short term aid to segments of the European fishing fleet most impacted by soaring fuel costs, sustainability and overcapacity problems, and stagnating fish prices. The Commission plans to provide emergency aid through the European Fisheries Fund, together with an additional EUR 600 million pledged by the Commission to help the fishing industry deal with high fuel prices. In addition, the Commission’s package includes longer-term restructuring measures for the industry. This aid package follows the Commission’s announcement of a new block exemption that will apply to the fisheries sector (see Brussels Brief, 4 July 2008).