Large Players Purchase Majority of Quota During Russian Crab Auctions
More than RUB 142 billion (US$2.22 billion) were allocated to the Russian federal budget as a result of recently completed crab auctions in the country, according to recent statements of producers, which participated in the auctions, and some Russian media reports.
As a result of the auctions 35 out of 41 lots, (which were initially put up for sale), were distributed, while each lot provides quotas for crab catch for the 15-year period. The companies will start crab catch under new quotas from 2020...
To Read Full Story Login Below.