This means that the free movement of goods, people, capital and services and other directives by the EU do not apply between it and the Faroe Islands.
[6] The boycott, which started on 28 August 2013, banned Faroese vessels carrying herring or mackerel from all EU ports, including Denmark, Sweden and Finland.
[8] The Islands reached a fisheries agreement with the Soviet Union in the 1970s (one of the first western countries to do so during the Cold War), and Russia has remained a major export market in the post-Soviet era.
[9] The tensions between the EU and Russia following the 2014 Russo-Ukrainian War did not affect this trade, and in 2015 the Islands opened a diplomatic mission in Moscow, and signed a memorandum of cooperation with the Eurasian Economic Union in 2018.
[16] Following the withdrawal of the United Kingdom from the European Union, the UK and the Faroe Islands signed a Free Trade Agreement on 31 January 2019.
[18] The Foreign Minister Jenis av Rana met US Secretary of State Mike Pompeo in Copenhagen on 22 July 2020.