Failed Norway Talks Could Trigger Cod Shortage, Price Spike in Russia
The situation for cod in Russia could worsen quickly if Moscow and Oslo fail to reach an agreement on Barents Sea cod quotas.
Norwegian and Russian media report that negotiations are ongoing but have made little progress. If talks collapse, Russia’s cod sector could face shortages and a sharp rise in prices.
Since the start of the Russia‑Ukraine war, Norway has generally supported EU sanctions packages, while seeking to maintain fisheries cooperation with Russia. In August, however, Oslo restricted two Russian fishing companies on state‑security grounds...
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