The EU's Council of Ministers adopted, on 23 March, a regulation formalising the agreement reached between the European Community and the Russian Federation on cooperation in the fisheries sector and the conservation of marine living resources in the Baltic Sea. This agreement, valid for an initial period of six years, with tacit renewal per three-year period, updates the conditions of fisheries management in the region following the successive EU enlargements, firstly to include Sweden and Finland (1 January 1995), then Estonia, Latvia, Lithu-rnania and Poland (1 May 2004).rnThe agreement aims to ensure close cooperation between the parties with a view to the conservation and sustainable use of overlapping stocks (any fish stock which migrates regularly on both sides of the boundaries of the exclusive economic zones of the parties in the Baltic Sea), which are associated or dependent, in the Baltic Sea. It establishes the principles and procedures necessary to create a sustainable economic, environmental and social framework.
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