The Faroe Islands and Russia have concluded consultations on their fisheries cooperation for 2023.
With consultations conducted via teleconferencing, the arrangement for next year includes necessary adjustments of the arrangement for 2022 given the reduction of the total allowable catch (TAC) for cod in the Barents Sea, resulting in a reduction in the quotas on both sides.
For decades, the Faroe Islands and Russia have conducted consultations on fish stocks in the Northeast Atlantic and agreed on annual exchanges of fishing opportunities, with related management and control measures.
Announcing the new deal, the Faroese government stated: “As a major stakeholder in the management of some of the world’s largest fish stocks in the Northeast Atlantic, the Faroese government promotes rules-based sustainable fisheries management. The renewal of the fisheries agreement has been made with due consideration for the continued sustainable management and control of these fish stocks, given their economic and social importance.”
It added, “The Faroese government condemns the Russian aggression against Ukraine. The decision to renew the fisheries agreement does not affect this position, and the Faroe Islands continue to take the necessary measures to ensure effective sanctions against Russia.”
