Russia’s Norebo May Lose Pollock, Herring Quotas
The Russian Rosrybolovstvo (Federal Agency for Fishery of the Russian Federation) is seeking in court to terminate the contract for the provision of investment quotas for the catch of pollock and herring with four subsidiaries of Norebo Group, one of Russia’s largest fish producers and processors.
Under the terms of the agreement between the sides, the company was supposed to build four trawlers worth more than 16 billion rubles, but construction was disrupted after the imposition of sanctions.
According to the Russian Kommersant business paper...
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