Russian Mollusk Producers on Verge of Serious Losses
Leading Russian seafood producers may face serious losses in the short term due to the recently announced state plans for a significant increase in taxes.
The largest problems will be observed in the mollusks segment where tax rates are expected to grow by 6-7 times in the month.
According to the Russian Kommersant business paper, so far some of Russia’s leading seafood and mollusks producers have warned regulators about a possible suspension of their operations due to lower profitability.
As a result, according to a producer...
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