The quotas established 2014 are sustainable and near the limits following the scientific advice. The quota, set to 993,000 tons, is 7,000 tons lower than the all-time high one million tons in 2013.
The bi-lateral agreement was signed in St. Petersburg last Friday.
With today’s prices on cod, the first hand value of 993,000 tons will be NOK 15 billion (nearly €2 billion).
In the same bi-lateral agreement, Norway and Russia reduces the quota for capelin dramatically, down from 200,000 tons in 2013 till 15,000 tons next year, reports Norway’s Ministry of Fisheries and Coastal affairs.
The Russian continental shelf stretches beyond the North Pole, the Russian government asserts. The country this week submitted its renewed claims for the Arctic shelf to the UN Continental Shelf Commission.
Renowned Norwegian actress Gørild Mauseth is in the leading role when actors and producers from the Gorky Dramatic Theatre in Vladivostok come to Harstad to present a unique version of Tolsoy’s classic play Anna Karenina.