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Russia joins convention on conservation of fisheries resources in North Pacific Ocean

February 03, 2014, 10:53 UTC+3 MOSCOW
Joining the Convention binds Russia to make national annual fees not more than $45,000
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© ITAR-TASS/Igor Buimistrov

MOSCOW, February 03. /ITAR-TASS/.

Russia’s Prime Minister Dmitry Medvedev signed an order, under which Russia joins the Convention on the Conservation and Management of High Seas Fisheries Resources in the North Pacific Ocean. The State Duma will have to consider a respective law based on the order.

The Convention is for long-term preservation and sustainable use of the fisheries resources in the region.

“Due to the intensive exploitation of fisheries biological resources in Russia’s exceptional economic zone, the major task is to renew and expand in the fishing in the zones of foreign countries and in the Convention zones — in the Northern Pacific Ocean,” the Russian government says on its site.

“Russia’s joining the Convention will allow us to fish in the open sea of the North Pacific Ocean. Russia forecasts a possible production of the biological resources in that part of the Pacific Ocean at 130,000 tonnes a year. The production may involve 48 vessels,” the Russian government says.

Joining the Convention binds Russia to make national annual fees not more than $45,000. The payment will be made from the Russian budget.

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