Minister Coveney secures EU measures to cope with Russian ban on fisheries imports Minister Coveney secured the agreement of the Council and the Commission to bank a portion of this year’s fishing quotas and transfer them into 2015 at yesterday’s EU Fisheries Council.· This measure will give the fishing industry the option of not fishing part of this year’s quota and having it available in 2015. · The measure will help support sector depending on mackerel, herring and horse mackerel fisheries from adverse impact of Russian import ban· This measure will help mitigate the impact of the Russian ban on the importation of fishery products. · The banking option will be applied to the mackerel, horse mackerel and Celtic Sea herring stocks as these are directly impacted by the Russian imports ban. · The measure will be introduced shortly on the basis of positive scientific advice that it will not adversely impact on the sustainability of the stocks.Minister Coveney said:· I have listened to our industry and the difficulties those fishing Celtic Sea herring, mackerel and horse mackerel are experiencing because Russia has closed its important market to EU fishery products. · The price for herring has dropped significantly for this autumn fishery and I want to give the industry the option of banking part of the quota until prices improve. · I today secured the agreement of the Fisheries Council and the Commission to bank 25% of this year’s quota until prices improve next year when market conditions have improved. · I expect the Commission to receive the required scientific advice that the stocks will not be adversely impacted by this measure over the coming week so that the measures may be adopted in early November.