Russian President Vladimir Putin has signed a law abolishing a 1956 agreement that allowed British fishing vessels to fish in Russia's exclusive economic zone (EEZ) in the Barents Sea.
The explanatory note to the document states that, given the British Government 's decision in March 2022 to end most-favoured-nation status in bilateral trade with Russia, the cancellation of the agreement would not have any serious economic and foreign policy consequences for Moscow.
The agreement granted British vessels the right to fish in the Barents Sea along the coast of the Kola Peninsula, as well as along the mainland east of Cape Kanin Nos and along the coast of Kolguev Island, within 3 nautical miles of the low-tide line on both the mainland and the island.
This agreement was unilateral in nature and only benefited the British side, while neither the former Soviet nor the latter Russian fishermen were given such rights.
According to the British press, in 2023, fishermen in this country caught more than 566,000 tons of cod in the Barents Sea.
HUY QUOC
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