(MENAFN) Fishing quota agreements have been extended between Denmark's Faroe Islands and Russia, according to the Faroe Islands' fisheries minister, Arni Skaale, who made the announcement on Saturday.

Based on the minister, the Faroese parliament unanimously agreed to extend the deal for another year. In exchange for Russian ships being allowed to fish in the seas off the coast of the Faroe Islands, the agreement grants the Faroese a fishing quota in Russia's Barents Sea. Additionally, Russian ships are allowed to export their catch from Faroese ports.

Skaale spoke to Jyllands Posten, a Danish newspaper, “it is the right thing for the Faroe Islands to renew an existing agreement with Russia in which we exchange quotas.”

Despite being a separate administrative unit of Denmark, the Faroe Islands are not a member of the European Union. Since its inception in 1977, the bilateral fishing agreement between Russia and the Faroe Islands has been renewed annually. Nevertheless, numerous parties, including representatives from Denmark and the European Union as well as the Faroese government itself, called for the deal to be voided after Russia's military operation in Ukraine began.

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