Fedora 20: recover stored passwords, in case you lost them

After upgrading to Fedora 20 (I upgraded to RC before the final release), passwords I stored to GNOME Keyring (Keys and Passwords application, also known as Seahorse) were gone. This can also affect some applications, in my case it was Empathy.
The problem is that with this release GNOME Keyring stores passwords in a different place. It used to be:
~/.gnome2/keyrings
now it is
~/.local/share/keyrings

The solution is quite simple:

• open Keys and Passwords app
• lock login keyring
• copy keyring files from the old location to the new
• relogin