Sberbank and Sakhalin Gov't. Agree to Set up First Russian Fish Auction and plan National Expansion
SEAFOODNEWS.COM by Eugene Gerden October 12, 2015
Moscow -- Sberbank, Russia’s largest bank has signed an agreement with the Government of the Sakhalin area, one of the centers of fishing production in Russia, to establishof a special "Fish Stock Exchange", with the aim of the conduction of auction trade of all fish caught in the region.
It is planned that the new fish exchange will be officially launched on November 1, 2016, while the volume of investments in the project is estimated at 3 billion rubles (US$70 million).
In the case of successful implementation of the project, similar fish stock exchanges will be launched in other regions of Russia...
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