Russian Crab Fishermen Faced With Sharp Drop in Profitability
The level of profitability of the Russian crab sector may significantly decline in the middle term due to ever tighthening sanctions pressure and the ongoing transformation of the industry.
According to recent statements to Forbes Russia made by German Zverev, head of the All-Russian Association of Fish Producers (VARPE), the super-profitability of the industry, which had been observed in the last five years, became mainly as the result of a "fortunate combination of circumstances."
Zverev said that while other countries were reducing crab production, Russia was able to...
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