Russian Prime Minister Dmitry Medvedev has approved the prospective signing of an international agreement on the conservation and rational use of sea bio-resources of the Caspian Sea, the Russian government website reports.
The prime minister compelled the Russian Agriculture Ministry to sign the agreement with a possibility of making insignificant adjustments.
According to reference information, the agreement on the conservation and rational use of sea bio-resources of the Caspian Sea was drawn up in accordance with a protocol signed by the presidents of the Azerbaijani Republic, the Islamic Republic of Iran, the Republic of Kazakhstan, the Russian Federation and Turkmenistan upon the completion of the Third Caspian Summit held in Baku on November 18, 2010.
"The agreement aims at conservation and rational use of sea bio-resources of the Caspian Sea, including management of shared sea bio-resources," the Russian government underscored.
It said a commission on the conservation and rational use of sea bio-resources and management of shared resources would be set up with the purpose of achieving the agreement's goals.
The commission will set export quotas on sturgeon species and products, annually set the total permissible catches of bio-resources and divide them into national quotas.
Additionally, the commission will set restrictions on fishing and approve fishing rules and research programs.
The agreement is subject to ratification consistent with the Federal Law "On International Treaties of the Russian Federation" as it allows the commission to make decisions mandatory for the signatory states.
"The decision will create an international legal framework for regulating the capture of sturgeon and other sea bio-resources in the Caspian Sea basin," the government indicated.
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