Russia Looks to End Barents Sea Fishing Pact and Tackle Trade Shifts

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Russia is preparing to terminate the agreement that grants British vessels access to fisheries in the Barents Sea. A report labeled as News discusses this move.

The report notes that the proposed bill originated from the Ministry of Foreign Affairs and the Ministry of Agriculture and has already earned government backing. Officials shared this information with the Committee on Legislative Activities of the Council of Ministers last week, indicating broad governmental support for the measure.

The government argued that ending the pact would not carry serious repercussions for Russia. Officials emphasized that the step follows a policy shift that began when the United Kingdom removed Russia from the list of most favored trading partners in March 2023.

In tandem with this shift, the UK imposed a 35 percent additional customs duty on certain Russian imports, a move that British authorities said aimed to inflict significant economic damage on Russia while limiting adverse effects for the United Kingdom itself.

Earlier, Russian fishers commented on an import ban imposed by the United States.

Earlier assessments from scientists warned that about a quarter of the world’s freshwater fish species face the risk of extinction, underscoring growing concerns about global fish stocks and ecosystem health.

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