Russia Considers Nationalizing JSC Rybolovetsky Kolkhoz Vostok-1 Amid Alleged Foreign Control
Russian authorities may nationalize JSC Rybolovetsky Kolkhoz Vostok‑1, one of the country’s largest deep‑sea fishing enterprises and a leader in snow crab catches, over alleged links to foreign control.
The Prosecutor General’s Office has filed a lawsuit in the Arbitration Court of Primorsky Krai seeking to recover damages from the company. The action centers on the US citizenship of Vostok‑1’s founder, Valery Shegnagaev.
According to the prosecution, audits found that the company had been operating for years under de facto foreign control...
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