June 15, 2022 — The Russian government has amended several fisheries-related regulations, including postponing for two years a vessel-construction requirement contained in its investment-quota program.
Russia has also abolished the mandatory conversion of revenue earned by exporters via foreign trade into rubles, and has allocated RUB 153 billion (USD 2.7 billion, EUR 2.5 billion) in direct aid to its agricultural and fisheries sectors to fortify them as they cope with the tightening financial vise of global sanctions put in place following the country’s February invasion of Ukraine.
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