The Faroe Islands have decided to renew their fishing quotas agreement with Russia, despite opposition from the EU and Denmark, particularly due to the ongoing situation in Ukraine. The Minister of Fisheries, Arni Skole, justifies the move as crucial for fish stock management, job stability, and the sustainability of small fishing communities, highlighting its economic significance. The agreement permits the Faroe Islands to secure quotas for various fish species in the Barents Sea, while allowing Russian fishermen to operate in Faroese waters and offload their catch in Faroese ports.