diff --git a/changelogs/fragments/671-pyyaml.yml b/changelogs/fragments/671-pyyaml.yml
new file mode 100644
index 00000000..04c0326b
--- /dev/null
+++ b/changelogs/fragments/671-pyyaml.yml
@@ -0,0 +1,2 @@
+bugfixes:
+  - "Execution Environment Python requirements - force ``PyYAML==5.3.1``, which is compatible to both docker-compose v1 (part of the community.docker 2.x.y EE requirements) and Cython 3.0.0 (https://github.com/ansible-collections/community.docker/pull/671)."
diff --git a/meta/ee-requirements.txt b/meta/ee-requirements.txt
index 52fdd017..0ce57890 100644
--- a/meta/ee-requirements.txt
+++ b/meta/ee-requirements.txt
@@ -1,2 +1,3 @@
 docker
 docker-compose
+PyYAML==5.3.1