April 15, 2021 — Russian fishing companies are worried a new rules issued by the government banning ships built, purchased, or serviced outside of European Asian Economic Union (EAEU) – Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan – from fishing in Russian waters will cause higher seafood prices at retail and a decline in catch.
Over the past few years, fishing ships built, purchased, or serviced abroad have been banned from landing catch at Russian ports, but were still allowed to obtain quotas and fish in Russia’s exclusive economic zone, provided they received clearance to land their catch from the Russian Customs Service.