Expansion of Russia’s Small Vessel Fishing Fleet Faces Threat with Less Funding from State
The expansion of Russia’s low-tonnage fishing fleet may face serious difficulties due to the lack of state support and the ongoing consolidation of the industry, according to recent statements of Russian fisherman and local experts in the fishing industry.
The latest announcement from a government spokesman noted the state can allocate no more than RUB 0.5 billion (US$7.6 million) per year of subsidies for construction of the small fishing fleet.
This is significantly lower than...
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