April 12, 2023 — The U.S. and Russia are each moving to investigate opening up commercial fisheries in the Arctic, following fish stocks that have shifted northward due to climate change.
Currently, there is a ban on fishing in the Arctic, after nine nations and the European Union signed the Central Arctic Ocean Fisheries Agreement – officially known as Agreement to Prevent Unregulated High Seas Fisheries in the Central Arctic Ocean – in 2018. After ratification, the agreement went into effect on 25 June, 2021 and bans fishing in the Central Arctic until at least 2037. The treaty limits fishing in the high seas area of the Arctic to research trips only and can be extended in five-year increments by unanimous consent.