Saving Seafood

Despite Ukraine invasion, the U.S. and Russia are still working together to solve salmon mysteries

March 3, 2022 — Tensions continue to simmer between Moscow and Washington in the wake of Russia’s invasion of  Ukraine.

In many respects, the divide between East and West is deepening: Oil companies are canceling partnerships with Russian firms. State legislators are calling for the state’s sovereign wealth fund to dump Russian investments. President Joe Biden announced Tuesday the U.S. would close its airspace to Russian aircraft.

But the United States and Russia are continuing to work together on at least one issue: salmon.

There’s a map scattered with orange, green, blue and red dots spanning most of the North Pacific above 46 degrees latitude.

Read the full story at KRBD

Ban on US purchases of Russian seafood opposed by some national food marketers

March 1, 2022 — Quid pro quo. Tit for tat. An eye for an eye.

“If they don’t buy from us, we shouldn’t buy from them,” Alaska’s seafood industry has grumbled since 2014, when Russia abruptly banned all food imports from the U.S. and several other countries. Then, as now, the faceoff stemmed from Russia’s invasion and subsequent takeover of chunks of Ukraine, which prompted backlash and severe sanctions.

Yet U.S. purchases of Russian seafood through 2021 have totaled over $4.6 billion and counting, according to federal trade data.

Alaska’s congressional delegation has finally taken first steps to end the trade imbalance. On Feb. 9, Sens. Lisa Murkowski and Dan Sullivan introduced the United States-Russian Federation Seafood Reciprocity Act of 2022 that would prohibit imports of any Russian seafood products into the U.S. until that country ends its ban on buying U.S. seafoods.

Read the full story at the Anchorage Daily News

Consequences of Russia’s Ukraine invasion rippling through global seafood industry

March 1, 2022 — Russia’s place in the global seafood trading market – and its strategy of growing its exports through value-added processing – have been jeopardized by the country’s  invasion of Ukraine, which has resulted in blowback that is already creating large-scale disruption to Russia’s seafood industry.

The world’s energy and food markets are in turmoil, with a wave of sanctions being levied by the European Union, United States, and other countries against Russia, a major producer of natural gas and wheat. And supply chain bottlenecks created by the COVID-19 pandemic are expected to worsen as a result of the conflict. Glenn Koepke, general manager at supply chain consultancy FourKites, said ocean-shipping rates could grow to USD 30,000 (EUR 26,900) per container, and airfreight costs could rise even higher.

Read the full story at SeafoodSource

 

Maine seafood industry expects indirect hit from Russian invasion

February 28, 2022 — Though the Maine lobster and seafood industries for the most part do not trade directly with Russia, they are anticipating indirect impacts from the Russian invasion of Ukraine.

Russia had already banned seafood imports from the United States and European Union in 2014 in retaliation for previous sanctions imposed on Russia after its invasion and annexation of Crimea, and that ban remains in effect. Still, the invasion is bound to exacerbate ongoing supply chain issues, inflation and high energy prices, which could hurt the seafood industry indirectly in Maine.

Richard Hall, caviar director at Browne Trading Company in Portland, said he has not imported or exported any products from Russia in over 10 years because of the political situation and on-and-off embargoes.

“I get solicited by caviar farms in the (former) Soviet Union almost weekly,” Hall said. “It’s not like we don’t want to work with Russian farms. We’re always interested in finding what’s great for our customers. And it’s sort of sad – I’ve had to tell them recently, keep me on your list of people, but we’re not going to be doing anything with you right now.”

Read the full story at the Portland Press Herald

Russia’s invasion of Ukraine creates turmoil for global seafood market

February 24, 2022 — Russian seafood exports to the United States and European Union are likely to be curtailed as a result of Russia’s invasion of Ukraine.

The Russian Defense Ministry confirmed Russian forces entered Ukraine on Wednesday, 23 February. In response, U.S. President Joe Biden, European Commission President Ursula von der Leyen, and U.K. Prime Minister Boris Johnson announced planned sanctions against Russia after its military forces engaged in a full-scale invasion of the former Soviet territory, which became an independent country in 1991.

Read the full story at SeafoodSource