Source

Council Decision (EU) 2026/2472 of 21 October 2026 on the position to be taken on behalf of the European Union in the written procedure by the Participants to the Arrangement on Officially Supported Export Credits concerning a Common Line derogating from the rules on minimum premium rates in relation to an energy project in Egypt

Decision (EU) 2026/2472 · Decision · 2 articles

In forceIn force from 2026-10-21

Version historyWe hold this version only; in force from 2026-10-21.

Data as of 2026-11-02 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 1

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The position to be taken on the Union’s behalf in the written procedure by the Participants (the ‘Participants’) to the Arrangement on Officially Supported Export Credits (the ‘Arrangement’) concerning a proposed Common Line (the ‘Common Line’) derogating from the rules on minimum premium rates laid down in the Arrangement in relation to the ‘Energy Valley’ project in Egypt (the ‘project’) shall be to exceptionally accept the Common Line, provided that the more advantageous minimum premium rate allowed under the Common Line is applied only to exports from the Participants and to local costs. In view of the fact that it is a fundamental principle of the Arrangement that premium rates charged by the Participants are to be risk-based, acceptance of the Common Line shall be given exceptionally to ensure that the project is not jeopardised and shall not create a precedent. The Union notes that any exceptional derogation from the rules on minimum premium rates laid down in the Arrangement shall be designed to ensure that the Participants take the necessary mitigating measures to address any issues linked to economic security, cybersecurity, diversification or supply-chain dependency.

Article 2

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This Decision shall enter into force on the date of its adoption.

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Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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