On the 20th of November 2020, the European Council approved the first PESCO Strategic Review (PSR), an assessment of the first initial phase (2018-2020) of the Permanent Structured Cooperation, and guideline for its second initial phase starting in 2021 and lasting until 2025. The PSR started in December 2019 and continued throughout 2020 at the level of the PESCO Secretariat.