The Faroe Islands and Russia reached a fisheries agreement on their mutual fishing rights for Faroese-Russian fishing opportunities 2024
The Faroe Islands and Russia reached an agreement on their mutual fishing rights for 2024 in what has been described as a substantial and constructive meeting.
In a specific development for 2024, Russian vessels will not have access to fish in the Special Area (Serøkin) between the Faroe Islands and Britain.
The outcome of the negotiations indicates a reduction in the Faroese quotas for cod and haddock in the Russian part of the Barents Sea, aligning with the joint management plan for the stocks. This translates to a 20% decrease in the cod quota and an 18% reduction in the haddock quota. The Faroese quotas for flatfish and shrimp remain unchanged.
In Faroese waters, Russian quotas for mackerel and herring will be adjusted in accordance with the reductions recommended by the International Council for the Exploration of the Seas (ICES) for 2024. This includes a 23.7% reduction for North Sea herring and a 5.5% decrease for mackerel. The blue whiting sees a modest increase of 3,000 tonnes, slightly below ICES recommendations for the blue whiting stock.
The allocated Faroese quotas in Russian waters for 2024 are as follows: Cod 9,766 tonnes, Haddock 1,047 tonnes, Flatfish 900 tonnes, and Shrimp 4,000 tonnes.
The Russian quotas in Faroese waters for 2024 are as follows: Blue whiting 75,000 tonnes, Mackerel 12,291 tonnes, and Herring 6,485 tonnes, including by-catch.
Russian vessels will be granted access to Faroese waters to fish a maximum of 55,618 tonnes of the allocated blue whiting quota in 2024, which represents the total international quota held by Russian vessels.