Battle Over Snow Crab by Russian Oligarchs Leads to Record Bidding in Quota Auction
SEAFOODNEWS.COM by Eugene Gerden June 19, 2017
Russia’s Rosrybolovstvo has raised a record sum as result of crab auctions in Primorye, where three oligarchs were competing.
More than RUB 23 billion (US$319 million) were raised by Russian Federal Agency of Fisheries (Rosrybolovstvo) as a result of a recent auction for the sale of quotas for the crab catch in the subarea of Primorye.
The starting prices for the 24 lots in the Far Eastern basin (15 from Primorsky Krai) was 1.5 billion rubles...
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